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While closing on a piece of commercial property has many similarities with residential closings, there are often special considerations that must be addressed. For example, before purchase, it is important to ensure that a particular business is moving to an area that is appropriately zoned for the business’s purpose.
Instead of two individuals, the buying and selling parties involved in a commercial real estate transaction will often be business entities, such as an LLC or some type of business partnership. Additionally, escrow matters can vary in commercial real estate closings.
These are just some of the many extra considerations that parties involved in a commercial real estate transaction must address and that our staff can handle effectively and efficiently. We look forward to assisting you during your next commercial closing; please reach out soon.
