We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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CWC Income Properties 2 LLC, an affiliate of Christopher Weil and Co. Inc., bought the retail center from Chung Wan Leung and Yim Ngor Luk.
The deal covered both parcels of property on which the center sits, 1005 S. Public Road and 179 W. South Boulder Road.
An official for Christopher Weil and Co., could not be reached.
Wendy Leung, the daughter of the former owners, said the center had been 100 percent leased at the time of the sale by a variety of businesses, including a Smoker Friendly, Radio Shack, Cost Cutters and multiple restaurants.
Leung said her parents sold the center because they were getting ready to retire.
“So it was time for them to release some of their commercial property and sit back and enjoy,” Leung said.