Developer George Schott sold his 5,554-square-foot Applebee’s restaurant building on Center Street in Auburn to an undisclosed buyer for $3 million in early May, according to MaineBiz’s Real Estate Insider on Tuesday. Craig Young and Chris Paszyc of CBRE/The Boulos Co. brokered the sale. Schott had picked up the restaurant two years ago as part […]
george schott
Schott gets $16.4M and an Applebee’s for 3 mall properties
AUBURN — Developer George Schott has sold three plazas, bought three hotels and picked up an Applebee’s. This week, Schott got $16.4 million and the Center Street Applebee’s, which is valued at $3.6 million, for the three properties around the Auburn Mall, he confirmed Thursday. “It’s been three months we’ve been working on the deal, so it’s […]
Three Auburn plazas for sale; Schott asking $24.9 million
Broker Craig Young at CBRE Boulos said Friday morning that Schott wouldn’t be talking to the media about the listing. “He’s a very private person,” Young said of Schott. “He’s asked us not to overly comment on it other than to confirm we are marketing the three properties and it is his intent to sell […]
Keeping the Auburn Mall occupied: ‘We do anything we can’
The loss of RadioShack and Deb at Auburn’s 36-year-old mall shows the struggle today’s malls face as trends change. More business tenants, exterior doors and attracting a hot retailer are all part of the strategy.