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Tuesday, April 27, 2010

Retail Shopping Center Sells For $34 Million


Atlanta, Georgia - We have some Commercial Real Estate news for the Atlanta area.
Coro Realty Services LLC has purchased an excellent piece of Retail Space in Midtown Atlanta.

The Coro Realty group bought Midtown Place from The Sembler Co. for $34.4 million. This transaction includes assumption of a $17.9 million Commercial Real Estate Loan.
The Property was not being shopped by Sembler Co. However the 256,712 square-foot Retail Shopping Center at Ponce de Leon and Lakeview avenues was highly desirable.

Midtown Place is anchored by The Home Depot Inc. and Whole Foods. A Borders Bookstore is located in Midtown Place at 650 Ponce De Leon Avenue. Staples and Baskin Robbins also have a Leased Unit in Midtown Place Retail Strip Center.
It does not appear that the Class A Retail Shopping Center has Lease opportunities available.

If you feel this is the right time to invest in Commercial Real Estate, Apartment Buildings, Net Lease Property or a Retail Shopping Center then CONTACT US HERE. We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loan to purchase a new property.

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