ATLANTA, GA, Oct. 24, 2011 -- Cassidy Turley, a leading commercial real estate services provider in the U.S., recently brokered the sale of a 60,000-square-foot shopping center in Scottsboro, Ala.
The center, County Park Plaza (top left photo), is 95 percent leased. Its anchor tenants are Aaron’s Sales & Leasing and Food World, a grocery chain owned by Southern Family Markets, which also owns the Piggly Wiggly chain.
The shopping center sold for a price close to the asking price of $2.86 million. Cassidy Turley’s Vice Presidents Drew Fleming (middle right photo) and Mark Joines (lower left photo) represented the seller, RCG Ventures, LLC. The buyer, a private equity group based in Atlanta, did not use a broker.
“The transaction was driven by the fact the center is anchored by a well-performing grocer and is good fundamental real estate in a growing market,” said Fleming. “The shopping center is located near Alabama’s largest recreational lake, Lake Guntersville, and backs up to the Tennessee River, destinations that attract visitors who shop at the center.”
Please visit http://www.cassidyturley.com/ for more information about Cassidy Turley.
Contact:
Laura Dudebout
O: 404.965.5023
C: 678.642.4301
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