SALISBURY, MARYLAND – 17 APRIL 2020 –Principal Joey Gilkerson recently co-brokered the sale of 107 West Main Street, longtime home of Kuhn’s Jewelers in Salisbury. After nearly 100 years of family ownership, seller Susan Purnell, represented by Tonney Insley of SVN Miller Commercial Real Estate, sold the iconic building to local investor, Doug Church.
Prior to settlement, Advisor George Merritt secured a lease with Lilac Clothing Company, a women’s fashion boutique owned by Jennifer and Jamie LeCates. The much-anticipated replacement of Kuhn’s is scheduled to open doors in May of 2020.
“Kuhn’s Jewelers has occupied this building for decades and as we move forward, we plan to always pay homage to that history,” said Church. “As an investor in Downtown Salisbury, it’s great to see local business opening up and paving the way for the future the Plaza.”
Upon opening, Lilac will join several other locally owned shops including The Shady Sun, Angello’s Unique Gifts, Bombshell Boutique, Dryden’s Dress Company and more. The addition of the boutique is expected to increase foot traffic on the Plaza and spark newfound appreciation and interest in Downtown Salisbury as a local retail hub.
“This is a prominent building in the history of the Plaza and will probably always be known as the ‘Kuhn’s building,’” said Merritt. “I know that the LeCates family will show it the reverence it deserves while bringing their own brand of women’s fashion to compliment Downtown’s retail resurgence.”
The second floor of the building is leased to Perdue Art Therapy, a company that blends traditional counseling principles with art-based therapies that encourage creative expression.
“The Plaza is the perfect location for my business and offers so much opportunity,” said owner Sivan Perdue. “I am excited that we are remaining Downtown and can be a part of the Plaza’s growth and culture.”
For more information on this transaction or other opportunities in Downtown Salisbury, contact George Merritt at 410-543-5115 or george@naicoastal.com. Photo courtesy of Tony Weeg Photography.
About NAI Coastal
NAI Coastal is a full-service commercial brokerage headquartered at 108 Pine Bluff Road in Salisbury, Maryland with a branch office in Easton, Maryland. The team of twelve advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information please visit www.naicoastal.com or call 410-543-5115.
