TD&A agents represent both sides of notable sale transaction with a wall of separation established between agents to uphold our fiduciary responsibilities to each represented party throughout the transaction. On October 28, 2020, an arson fire destroyed Jilly’s Bar and Grill, a longtime Pikesville landmark. On Tuesday, April 7, 2021, Scott Reich, owner of Jilly’s acquired the adjacent property, with a plan to re-open for business by June. How Jilly’s moved from devastation to rebirth is a real estate story worthy of sharing. Following the fire agents representing both Jilly’s and the adjacent property owner immediately put their heads together to form the beginnings of a sale to Jilly’s by the adjacent property owner.
The sale was incredibly collaborative; it worked from a real estate-basis [perspective and also demonstrated compassion coupled with good business to create opportunity in the wake of a devastating fire. The seller was thrilled to play a part in this process and helped make the transaction a success for Jilly’s as well as for the seller.