ATLANTA, GA, Dec. 8, 2011 -- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today its Southeast Retail Group brokered the sale of Five Points Plaza (top left photo) in Goldsboro, N.C., for approximately $6 million.
The 57,000-square-foot center is 97 percent leased and is anchored by Delhaize Group’s Food Lion. The center also includes a Family Dollar, additional shop space, and two outparcels.
Cassidy Turley Vice Presidents Drew Fleming (top right photo) and Mark Joines (middle left photo) represented the buyer, a private equity group based in North Carolina. Marlene Spritzer (bottom right photo) of Spritzer Commercial Properties, LLC represented the seller, a North Carolina based developer.
“This center was attractive to the purchaser due to Delhaize’s credit rating,” said Fleming. “And the fact that additional value may be added through developing the outparcels.”
On Sept. 1, Cassidy Turley completed its acquisition of the brokerage and property management businesses of Carter, a national leader in project development, commercial real estate services and investments.
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions.
The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations.
Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA.
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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