On July 17, 2012, Gideon Gratsiani, CEO of CRE PRO, purchased Ulmerton Center in Clearwater Florida

CRE PRO > Blog > In the news > On July 17, 2012, Gideon Gratsiani, CEO of CRE PRO, purchased Ulmerton Center in Clearwater Florida

On July 17, 2012, Gideon Gratsiani, CEO of CRE PRO, purchased Ulmerton Center in Clearwater Florida for $1,852,000. The property is an approximately 16,000 square foot shopping center, anchored by Five Guys Burgers. Taking the role of stalking horse bidder, Gideon won the property at a bankruptcy auction. The property initially fell into foreclosure when the developer defaulted on a mortgage provided to him by Stearns Bank.

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