ATLANTA - The East Coast Retail Investment Team at Lavista Associates, one of the Southeast’s leading commercial property brokers, based in Atlanta, recently negotiated the sale of Crossroads Square retail center on Blanding Blvd. at I-295 in Jacksonville, Fla.
Whitney Knoll, managing director of The East Coast Retail Investment Team at Lavista Associates and Pierce Mayson, director, negotiated the sale representing the seller, Abrams Properties, Inc. of Atlanta.
Global Fund Investments LLC, a real estate investment company headquartered in Miami Beach, acquired the 174,153 square foot power/community center. The sale represents the largest multi-tenant shopping center transaction in Jacksonville in more than three years.
“It’s always a pleasure to work with such veteran shopping center owners,” Knoll said. The sale was the third transaction Knoll has negotiated on behalf of long-time client Abrams Properties.
Over the past 36 months, Knoll has sold 35 properties in six states in the Southeast, totaling 3.3 million square feet. Property sales have generated more than $400 million in revenues.
Anchored by Floor & Decor, Office Depot, Dollar General and Harbor Freight Tools, Crossroads Square is 95 percent leased. Knoll said Lat Purser and Associates deserves some credit for the sale, as the property management firm has maintained a healthy 91+ percent occupancy at Crossroads Square retail center throughout the recession.
The purchaser assumed an existing Protective Life loan.
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For more information, contact: C. Whitney Knoll, Managing Director East Coast Retail Investment Team, Lavista Associates, Inc. 3105 Northwoods Place, Norcross, Ga. 770-729-2818; wknoll@lavista.com; Kimberly Steele, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com
About Lavista Associates, Inc.: Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Showing posts with label Lavista. Show all posts
Showing posts with label Lavista. Show all posts
Monday, June 21, 2010
Friday, April 16, 2010
Lavista Associates, Inc. Reports Four Recent Sales of REO Properties
NORCROSS - Lavista Associates, the Atlanta firm that ranks as one of the top commercial brokerage companies in the southeast, recently closed on four REO property sales in Dawsonville, Cumming, Suwanee and Alpharetta.
Lavista associate Scott Clayton represented State Bank & Trust in the sale of a 20,000 square foot industrial building at 243 Stowers Rd. in Dawsonville.
Associate Austin Chase sold a 17,280 square foot freestanding office building at 101 Colony Park Drive in Cumming representing Excel Federal Credit Union and also brokered the sale of a 5,900 square foot office building at 41 Milton Ave. in Alpharetta, for State Bank & Trust.
Associates John Cape and Kirven Brantley represented Westside Bank in the disposition of a 9,000 square foot office building in Satellite Park at Huntcrest in Suwanee.
Tom Davenport, President of Lavista Associates, said 2010 marks the year when lender-controlled commercial properties have begun to sell again.
“Lavista projects this activity will steadily continue as users recognize unprecedented opportunities to acquire properties at historically low prices,” Davenport said.
For more information, contact:
Kimberly Steele, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Lavista Associates, Inc.:
Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
Lavista associate Scott Clayton represented State Bank & Trust in the sale of a 20,000 square foot industrial building at 243 Stowers Rd. in Dawsonville.
Associate Austin Chase sold a 17,280 square foot freestanding office building at 101 Colony Park Drive in Cumming representing Excel Federal Credit Union and also brokered the sale of a 5,900 square foot office building at 41 Milton Ave. in Alpharetta, for State Bank & Trust.
Associates John Cape and Kirven Brantley represented Westside Bank in the disposition of a 9,000 square foot office building in Satellite Park at Huntcrest in Suwanee.
Tom Davenport, President of Lavista Associates, said 2010 marks the year when lender-controlled commercial properties have begun to sell again.
“Lavista projects this activity will steadily continue as users recognize unprecedented opportunities to acquire properties at historically low prices,” Davenport said.
For more information, contact:
Kimberly Steele, Lavista Associates, Inc. 770-729-2824; ksteele@lavista.com; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About Lavista Associates, Inc.:
Serving Atlanta for over 37 years, Lavista Associates, Inc. is one of metro Atlanta’s leading commercial real estate companies, representing clients in the sale and leasing of a broad spectrum of commercial, industrial, office and retail properties. The firm’s goal is excellence of service to its clients resulting in the highest value for their real estate holdings.
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