Hacks Cross Shopping Ctr. Sells for $1.9 Million

Published on: October 18, 2010

Kate Simone, The Daily News Online & Chandler Reports

Hariom Enterprise has bought a strip shopping center at 3810 Hacks Cross Road from The Bank of New York Mellon Trust Co. NA, as trustee, for $1.9 million, financing the transaction with $950,000 and $760,000 loans through Landmark Community Bank.

The property is a 20,440-square-foot strip shopping center built in 2005. It sits on the east side of Hacks Cross Road north of Misty Meadow Lane.

The Bank of New York Mellon Trust Co. NA bought the property for a credit bid of $2.6 million at a foreclosure sale in October 2009.

The Shelby County Assessor of Property’s 2010 appraisal is $2.3 million.

Hariom Enterprise filed charter papers as a for-profit corporation with the Secretary of State’s office in June, according to a document available from the Shelby County Register of Deeds.