Franklin Street has arranged the sale of Athens Plaza, a 119,633-square-foot shopping center located in Athens, Georgia. Mac McCall, John Tennant, and Bryan Belk of Franklin Street’s Atlanta office represented the seller, MB REO-GA RETAIL, LLC, in the transaction. Cideco Development Co, Inc. purchased the property.
“Athens Plaza provides the buyer an opportunity to redevelop a strategically located retail center minutes from the University of Georgia,” McCall said. “The current owner has allowed tenants to move to month-to-month leases, which gives a new owner more flexibility to reposition the asset.”
Athens Plaza, built in 1972 is located at 474 North Ave., and is anchored by Piggly Wiggly. Surrounding national retailers include CVS/pharmacy, Family Dollar, Advance Auto, and Autozone.
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