ATLANTA — 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.
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.
About Franklin Street: Franklin Street is a family of real estate companies focused on delivering value-added solutions to meet the evolving needs of our clients. Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its divisions—Real Estate, Capital, Insurance and Management—Franklin Street offers unmatched value and optimal solutions for clients nationwide. For more information on Franklin Street, please see the company’s website at FranklinSt.com.
For more information, contact:
813-839-7300, ext. 337