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Atlanta & Southeast  + Atlanta Metro  + Retail  | 

CBRE Arranges Sale of Two Metro Atlanta Shopping Centers for $4.35M

CBRE has arranged the sale of two shopping centers in metro Atlanta, one located in Newnan and the other in Ellenwood. The retail centers were sold by two private entities for approximately $4.35 million. CBRE’s Craig Taylor represented the seller in each transaction.

“We received significant interest from potential investors, including multiple offers on each plaza,” Taylor said.

The largest of the two is Sullivan Towers. Located at 1065 Sullivan Road in Newnan, the retail center measures 12,950 square feet and is anchored by a CVS. The property was purchased by local investor James Thomasson. Sullivan Towers was fully leased at the time of its sale.

The other property in the portfolio is Ellenwood Plaza, at 222 Fairview Road in Ellenwood. The 9,450-square-foot center was sold to United Properties Ventures and was 95-percent leased at the time of its sale. Both properties are located south of Atlanta.


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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.