Sale of Metro Atlanta Shopping Center Brokered by Cassidy Turley
Southeast Retail Group represents seller of Shannon Square
Cassidy Turley, a commercial real estate services provider in the U.S., announced it has brokered the sale of Shannon Square, a 100,000-square-foot shopping center located at 4720 and 4700 Jonesboro Road in Union City, Ga.
Cassidy Turley principals Drew Fleming and Mark Joines represented RCG Ventures LLC, which sold the shopping center for $8 million to an undisclosed private equity group. Shannon Square boasts a 95 percent occupancy rate with 62 percent of its occupied space leased to national or regional tenants including Hibbett Sports, Dollar Tree, Rent-A-Center, Farmer’s Home Furniture and Dunkin’ Donuts.
“The national investment market reacted positively to Shannon Square’s excellent mix of tenants,” said Fleming, Vice President of Cassidy Turley’s brokerage group. “The property’s proximity to a Wal-Mart Supercenter and the Atlanta CBD, combined with its access to I-85 made this an attractive investment.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.