Thursday, April 28, 2011
ATLANTA, GA – Bull Realty said it brokered a deal between Noble Properties and Joshua Realty & Loan for the Golden Corral location in Austell, Ga (top left photo).
The buyer, seller, and broker involved in the net-leased investment sale are all Certified Commercial Investment Members.
Certified Commercial Investment Member Virginia Wright, of Bull Realty, was hired by Edward Zorn, CCIM, of Joshua Realty & Loan to sell the 10,771-square-foot building. The 2.8 acre site is conveniently located at 2845 Austell Road, along one of the most heavily traveled streets in the city.
Within the first month of being on the market, Wright presented an offer from Neil Efron, CCIM, who serves as director of acquisitions for Noble Properties of Greenacres, Fla.
Shortly after negotiations started, Zorn and Efron signed a pooling servicer agreement. The deal closed earlier this month and Noble Properties took over as the owner.
“It’s certainly a good situation to have all three sides in a sale represented by CCIMs,” said Wright, vice president of the Net Lease Investments for Bull. “Working with two other people who know the in’s and out’s of this type of sale helped in moving the deal along quickly and smoothly.”
CCIMs are recognized experts in the disciplines of commercial and investment real estate. The designation is awarded by the CCIM Institute and more than 9,500 professionals around the world hold the title.
For more information on Bull Realty, please go to http://www.bullrealty.com/
Contact: Midd Read
Office: (404) 965-5024
Cell: (404) 901-4433