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CBRE has brokered the $4-million sale of the Thornton Promenade shopping center in Lithia Springs, GA to private local in an off-market deal.

CBRE Facilitates the $4M, Off-Market Sale of Lithia Springs Retail Center

CBRE has brokered the $4-million sale of Thornton Promenade, an 18,900-square-foot shopping center located in Lithia Springs, GA. A private local investor acquired the property in an off-market deal.

Craig Taylor of commercial real estate services and investment firm CBRE represented the seller, RAW Promenade, LLC, in the transaction. The buyer was represented by Riverwood Properties, which will be leasing and managing the shopping center.

Thornton Promenade is situated a situated at 639 Thornton Road a mile north of Interstate 20 and directly across from a Kroger-anchored retail center. The property was 92% leased at the time of its sale and is home to 14 retail and restaurant tenants, including Avis Car Rental, Domino’s Pizza and Metro PCS. Tenant footprints range from 2,100 square feet to 1,190 square feet.


Inside The Story

CBRE's Taylor

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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