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| Shannon Square, Union City, GA |
ATLANTA, GA – [Feb. 28, 2013] Cassidy Turley, a leading
commercial real estate services provider in the U.S., today announced it has
brokered the sale of Shannon Square, a 100,000-square-foot shopping
center located at 4720 and 4700 Jonesboro Road in Union City, Ga.
Cassidy Turley
principals Drew Fleming and Mark Joines represented RCG Ventures
LLC, which sold the shopping center for $8 million to an undisclosed private
equity group.
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| Drew Fleming |
Shannon Square boasts a 95 percent occupancy rate with 62 percent
of its occupied space leased to national or regional tenants including Hibbett
Sports, Dollar Tree, Rent-A-Center, Farmer’s Home Furniture and Dunkin’ Donuts.
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| Mark Joines |
“The national
investment market reacted positively to Shannon Square’s excellent mix of
tenants,” said Fleming, Vice President of Cassidy Turley’s brokerage group.
“The property’s proximity to a Wal-Mart Supercenter and the Atlanta CBD,
combined with its access to I-85 made this an attractive investment.”
For a complete
copy of the company’s news release, please contact:
Tony Wilbert
The Wilbert Group
404-965-5022
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