Saturday, March 23, 2013

Bull Realty Brokers $5.4 Million Sale of 856 Acres in Atlanta Submarket


  
John DeYonker
 ATLANTA, GA – Bull Realty has brokered the $5.4 million, all-cash sale of 856 acres in Douglasville, Ga., approximately 15 miles from the Hartsfield-Jackson Atlanta International Airport.

 John DeYonker, a vice president in Bull Realty’s Land and Developer Services division, and Rob Whitmire, a partner with the firm, represented the seller, DBSI Villages at Riverview LLC, in the transaction.

The seller is a related entity to DBSI Inc., which filed for bankruptcy. The trustee of the liquidating trust set up to sell the assets of DBSI Inc. hired Bull Realty to market the property and secure a buyer.

Rob Whitmire
Josh Reeves of Sotheby’s Atlanta Fine Homes represented the buyer, ETPC Company LLC.

 The property was previously slated to be the site of developer Brooks Land Inc.’s Villages of Riverview master-planned community, and the site is currently entitled for 1,095 single-family homes, 325 town homes and 14 acres of commercial space.

 “This outstanding site is one of the largest fully entitled properties in metro Atlanta and, being located about 15 miles from downtownAtlanta and the Hartsfield airport, offers great possibilities for future development,” said Michael Bull, president and founder of Bull Realty. 

Michael Bull
“John and Rob did an outstanding job in procuring a buyer and closing this transaction within 90 days of the property being listed.”

For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
Office: (404) 965-5026
Cell: (404) 405-2354

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