ATLANTA, GA (July 10, 2012) – Bull Realty has brokered the $2,025,000 sale of The Village at Creekstone (top left photo), a 32,463-square-foot mixed-use development in Cumming, Ga.
Rob Whitmire (middle right photo), Partner and Senior Vice President of Special Asset Services for Bull Realty, and Theresa Johnson (lower left photo), Vice President of the firm’s National Retail Group, represented the seller, a super regional bank. John Harrison, an associate in Bull Realty’s National Retail Group, identified the buyer, Alpharetta, Ga.-based Penn Hodge LLC.
The Village at Creekstone includes two retail buildings totaling 27,190 square feet and a two-story office condominium building totaling 5,273 square feet. The property also features three 2,500-square-foot office pad sites, one 4,581-square-foot office pad site and a 0.65-acre retail outparcel.
The property is located on Peachtree Parkway, a main commercial corridor in Cumming, with traffic counts of more than 22,700 vehicles per day.
The surrounding area features strong demographics, including a population of more than 120,000 within a five-mile radius and an average household income of nearly $150,000 in the same area.
Some vacant suites in The Village at Creekstone have been finished with HVAC, drop ceilings and sprinkler systems.
“With its strong surrounding demographics and its high-quality construction, The Village at Creekstone offers tremendous upside for the buyer,” Whitmire said. “We’re pleased to have used our considerable experience and expertise in distressed assets to help the seller dispose of this property.”
Contact
Stephen Ursery
Wilbert News Strategies
E-mail: sursery@wnspr.com
Office: (404) 965-5026
Cell: (404) 405-2354
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