Douglas Development’s retreat from the local real estate market is accelerating. The company has put its Simon Electric holdings along Ellicott Street on the market with an asking price of $5.7 million. Jemal paid $5 million for the seven buildings with 80,500 sq.ft. of space and a total 1.78 acres of property in November 2021. Militello Realty has the listing. The properties may be purchased as a package on separate East and West sites.
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