ROSWELL, GA – Cassidy Turley, a leading commercial real estate services provider in the U.S., represented Flagstar Bank in the sale of Holcomb Center, a five-building shopping center in Roswell, GA. Located at 700-730 Holcomb Bridge Road approximately 22 miles north of downtown Atlanta, the 87,564 square foot shopping center was purchased by Los Angeles-based Holcomb Gorby LLC for $3.8 million.
Holcomb Center includes three multi-tenant and two single-tenant retail buildings that are approximately 70% leased to local retailers.
Vice Presidents Mark Joines and Drew Fleming of Cassidy Turley’s Southeast Retail Group represented Flagstar Bank in the transaction.
“Holcomb Center is a well-positioned REO asset that benefits from its location in Roswell, an affluent suburb of Atlanta, and its location on heavily traveled Holcomb Bridge Road,” said Mr. Joines. “This asset attracted considerable investor interest from both local and out-of-town investors and represents an excellent value-add opportunity.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, 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 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 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.