Press Releases
Marcus & Millichap Brokers the Sale of a 272,785-Square-Foot Shopping Center in Douglasville
March 27, 2023
“This center was fully leased to a healthy mix of locally based retail tenants along with several medical and health related tenants that complemented the center’s anchors very well,” said Tim Giambrone, senior vice president investments in Marcus & Millichap’s Atlanta office. “The marketing produced multiple compelling offers from qualified prospects and was highly competitive,” added Giambrone.
Giambrone had the exclusive listing to market the property on behalf of the seller, a private capital partnership. The buyer, an out-of-state private capital investor, was also secured and represented by Giambrone.
Douglasville Town Center is anchored by BuggyBusters, a liquidation superstore, in conjunction with Rogers Mechanical Contractors, Andy’s Wholesale, and Cobb Douglas Community Services Board. Located 30 miles from Hartsfield-Jackson Atlanta International Airport, the property is situated parallel to a primary retail corridor in Douglasville with good visibility and less than 2 miles from the 1.2M square foot Arbor Place Mall.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
Disclaimer
Marcus & Millichap Inc. published this content on 27 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2023 21:50:39 UTC.
Publicnow 2023
|
|
|
|
|
|
|
|
|
|
||||
|
||||
Technical analysis trends MARCUS & MILLICHAP, INC.
| Short Term | Mid-Term | Long Term | |
| Trends | Bearish | Bearish | Bearish |
Income Statement Evolution
|
Sell  Buy |
|
| Mean consensus | SELL |
| Number of Analysts | 1 |
| Last Close Price | 30,59 $ |
| Average target price | 24,00 $ |
| Spread / Average Target | -21,5% |
