 |
| Kermit Hairston |
ATLANTA (March 23, 2015) —
John Harrison VP and Kermit Hairston VP, both with the
National Retail Group of Bull Realty were the only brokers involved in the sale
of Barrett Creek Plaza. The sale
closed on Feb. 9, 2015 for $9.2 million.
The 83% occupied, 28,841 square foot retail center is
located near Town Center at Cobb Mall at 125 Ernest Barrett Parkway in
Marietta, GA. The seller was MRK Barrett Creek LLC and the buyer was PMC Fund
LLC.
The center has national and regional credit tenants including
Axiom Staffing, Buffalo Wild Wings Grill & Bar, Chase Bank, Cheeseburger
Bobby’s, Moe’s Southwest Grill and T-Mobile.
“The dynamic mix of national and local tenants was
attractive to potential buyers and generated interest from a variety of groups,
including international investors,” commented Harrison.
 |
| John Harrison |
Hairston reported, “This sale is another example of the
strength in the retail investment market and the continued compression of cap
rates for suburban properties.”
Harrison agreed, “Atlanta’s retail investment market is
commanding interest from a wide range of buyers and investment demand is
driving down cap rates.”
Barrett Creek Plaza is located two miles from Kennesaw State University, the
third-largest university in Georgia with 24,100 students.
Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real
estate brokerage and advisory firm headquartered in Atlanta, licensed in nine
states providing acquisition, disposition, leasing and advisory services.
The firm also produces and hosts the nationally-syndicated
Commercial Real Estate Show (www.CREshow.com). The popular weekly show is
broadcast on 40 radio stations nationwide, iTunes, YouTube and CREshow.com. Info@BullRealty.com
404-876-1640
For a complete copy
of the company’s news release, please contact:
Melissa Henry
Communications Associate
Bull Realty, Inc.
50 Glenlake Pkwy, Suite 600
Atlanta, GA 30328
404-876-1640 x 110
No comments:
Post a Comment