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Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street Arranges $10.9M Sale of CVS-Anchored Center in Metro Atlanta

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  • Franklin Street
Franklin Street Real Estate Services has arranged the $10.9 million sale of Powers Ferry Shopping Center in Sandy Springs, a northern suburb of Atlanta.

SANDY SPRINGS, GA. — Franklin Street Real Estate Services has arranged the $10.9 million sale of Powers Ferry Shopping Center in Sandy Springs, a northern suburb of Atlanta. The two-story shopping center is anchored by CVS/pharmacy and includes a Subway and Bruegger’s Bagels. The asset was 85 percent leased at the time of the sale. Mac McCall and John Tennant of Franklin Street represented the seller, a local partnership that originally developed the property. The buyer was a 1031 exchange investor based in New York. Download PDF

bACK tO thE iNFORMATION eXCHANGE

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