ATLANTA, GA- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today it brokered the sale of the Stonewood Village shopping center in Alpharetta, GA.
Mark Joines (top right photo) and Drew Fleming (lower left photo), Vice Presidents at Cassidy Turley in Atlanta, led the team in representing the seller, Inland Mortgage Capital Corp., which foreclosed on the property in 2009. The buyer is Nightingale Properties, headquartered in New York City.
The closing price was $11.6 million. The sale included the center’s 101,615 square feet as well as out parcels and additional land.
Stonewood Village, located on Highway 9 in Alpharetta, is 97 percent occupied. The center’s major tenants include Big Lots, Dover Saddlery, Natural Foods Warehouse, Queen of Hearts Antiques and Anytime Fitness.
“Nightingale Properties was drawn to the property due to Alpharetta’s demographics,” Joines said. “A major positive for the buyer was the access to undeveloped outparcels and excess land.”
Joines and Fleming represent retail sellers and landlords across the Southeast on behalf of Cassidy Turley
Public Relations Contact
Tony Wilbert
Wilbert News Strategies
404-965-5022
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