Atlanta, December 22, 2015 – CBRE’s Atlanta office has finalized the sale of Douglasville
Commons, a shopping center in Douglasville, Ga., a subset of metro Atlanta.
Craig Taylor, Senior Vice President within CBRE’s Investment Properties Retail
Group exclusively listed the asset for a First City Servicing Corp. and
procured the buyer. The sale finalized at, $3.9 million on Dec. 3, 2015.
The 90,224-square-foot shopping center, with
tenants such as Goodwill, Beall’s Outlet and US Beauty Mart, is well positioned
with a primary and secondary access point along Fairburn Road (SR 92) one-third
of a mile north of I-20. The tenants benefit from strong traffic counts (34,100
vehicles per day) due to its location in a blend of residential and commercial
uses, including a regional hospital, three secondary schools and the Douglas
County municipal complex.
“The shopping center was attractive to this
out-of-state investor because of its strategic positioning near I-20 and its
sustainable rent levels to credit tenants,” Taylor said. “Additionally Fairburn
Road is being widened by the GA DOT and a traffic light will be added fronting
About CBRE Group, Inc. CBRE
Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in
Los Angeles, is the world’s largest commercial real estate services and
investment firm (in terms of 2014 revenue). The Company has more than 70,000
employees (excluding affiliates), and serves real estate owners, investors and
occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE
offers strategic advice and execution for property sales and leasing; corporate
services; property, facilities and project management; mortgage banking;
appraisal and valuation; development services; investment management; and
research and consulting. Please visit our website at www.cbre.com.