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Saglo will be one of the pioneers in Crowd-Funding for Shopping Centers via Earlyshares.com

Saglo will be one of the pioneers in Crowd-Funding for Shopping Centers by using EarlyShares.com  earlyshares logo

Saglo had purchased 2 shopping centers in Florida earlier this year, Sun Point and Central Plaza Shopping Center.  These properties were purchase with capital provided by Saglo affliated entities and with financing from local banks.   Saglo currently manages and leases both properties and the performance of each has already exceeding our expectations.  Saglo has owned and operating several different commercial properties in Florida since 1976 and feel that we have the strongest leasing team and provide the best property management in the state.

Saglo’s strategy going forward is to diversify our investments by owning 10% – 15% of several million square feet of shopping centers and leverages economies of scale with more properties.

More on Saglo can be found in our Saglo Prospectus .

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  • Central Plaza Shopping Center is located in St. Petersburg, Florida and has a gross leasable area of 73,200 square feet.   The property is across from a new Walmart Supercenter and has an almost all national retailer tenant mix.    The majority of the retailers located at the intersection are National Chains.   More info on this investment can be found:  https://www.earlyshares.com/projects/central-plaza

Biglots Sun Point

  • Sun Point is a shopping center located in Ruskin, Florida and has a gross leasable area of 132,000 square feet.   The property is near the new 1.1 million square foot Amazon Fulfillment Center as  well as the expanding Hillsborough Community College South Shore Campus, Leonard High School, St. Joseph’s Hospital, Sun City Center, and I-75.   This is a tremendous value-add investment with more info found:  https://www.earlyshares.com/projects/sun-point

Contact Hue Chen, Vice President of Saglo for any questions 305-704-3105 or Hue@saglo.com

 

News Letter Articles:

http://www.crowdfundinsider.com/2014/09/48514-saglo-lists-real-estate-crowdfunding-offer-earlyshares/

Saglo Development Corporation Launches Investment Offering on EarlyShares for $3.2MM Real Estate Project:  StreetInsider.com

PR Web:  http://www.prweb.com/releases/2014/09/prweb12143066.htm

 

 

About Chen Hue

Hue Chen is the Vice President of Acquisitions for Saglo Development Corporation and is responsible for increasing Saglo’s portfolio of properties. After graduating from the University of Florida in 1999, with a major in Finance, Hue started his career in commercial real estate as a retail leasing associate. He quickly became a top producing leasing agent while working with some of the most prominent owner-developers in south Florida. Throughout his career, he has executed over 250 leases and increased the value of over 40 different shopping center, ground-up and mixed use developments in south Florida and Southwest Florida. Hue attributes his success to a thorough understanding of the major retail markets of Florida, strong relationships with brokers and retailers, and his ability to structure leases that best fit the goals of each investment. In 2012, Hue joined Saglo and brought with him strong proficiencies in finance, mathematics, and ARGUS as well as a real world understanding of retail shopping center leasing and value creation.

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