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| Brian Carolan |
ATLANTA, GA – Crossman & Company, one of the largest
retail leasing, management and investment sales firms in the Southeast,
recently negotiated a $5.5 million price in the sale of the East West Shoppes,
an 85,565 square foot neighborhood retail center in Austell, Ga. in the Atlanta
MSA.
Brian Carolan,
Crossman & Company’s Director of Investment Sales, along with Senior
Managing Director, Bruce Lyons and
the firm’s Chief Operating Officer in Atlanta John Zielinski, represented the seller in this transaction.
The seller is a Miami-based special servicer.
A Boca Raton private investor is the buyer of the retail center.
East West Shoppes consists of five buildings
on a 15.74 acre parcel at 1025 East-West Connector in Austell in Cobb County.
The center was constructed in phases between 2001 and 2004 and was 75 percent
leased at the time of the sale.
Major tenants include
Starbucks, Discount Tires, American Family Insurance and Apex Animal Hospital. Crossman
& Company will continue to lease and manage East West Shoppes.
For a
complete copy of the company’s news release, please contact:
Beth Payan or Larry
Vershel, Larry Vershel Communications, 407-644 4142 or
407-461 3781 lvershelco@aol.com
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