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| Plaza at Eagles Landing, 1058 Eagles Landing Parkway, Stockbridge, GA |
ATLANTA, GA (Aug.14, 2013)—Franklin Street Real Estate
Services announces the sale of Plaza at Eagles Landing, an
18,000-square-foot retail strip center in Stockbridge, Ga., for $1,900,000 at
$105.55 per square foot.
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| Mac McCall |
The seller, an
investment company out of Atlanta, was exclusively represented by Mac McCall,
Regional Managing Partner of Franklin Street Real Estate Services. The buyer is
a private investor out of Spain with local representation and knowledge of the
area and the property.
“Using Franklin
Street’s national database of over 35,000 investors and brokers, we were able
to uncover an out-of-market buyer,” McCall said.
“The buyer saw
long-term value in the property at a price that most local investors deem as
extremely bullish. Our platform continues to gain market share as we
aggressively push pricing on all retail assets – especially single-tenant and
smaller retail properties that are highly sought after by private investors.”
The buyer plans to
continue to operate the center with retail and office tenants while also
attempting to lease up the remaining vacancies.
Plaza at Eagles
Landing is located at 1058 Eagles Landing Parkway in Stockbridge. The
center includes five tenants: Starbucks, Randstad, Preston’s Salon, Minky
Bling, and Sarah’s Country Kitchen.
For a complete copy of the company’s news release, please
contact:
Kelsy Pazur
813-839-7300, ext. 337
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