Cushman & Wakefield Arranges Sale Of Macon Plaza Shopping Center
7 Jun, 2006, Atlanta
Cushman & Wakefield’s Atlanta office has successfully brokered the sale of Macon Plaza Shopping Center located at 1576 Eisenhower Parkway, also known as Highway 80, near the interchange of Interstate 75 in Macon, Ga., on behalf of Kimco Realty Corporation of New Hyde Park, New York. Kris J. Cooper and Margaret K. Caldwell of Cushman & Wakefield’s Atlanta Office handled the sale. The buyer was Atlanta, Ga., based Safeway Group Inc.
The shopping center which was constructed in 1969 and was renovated in 1992, totals 127,260 square feet, and is anchored by a 29,295 square foot Fred’s Store. It was 79% leased at the time of sale.
“The sale of Macon Plaza confirms the continued strength of the retail investment sales market even in a secondary market in Central Georgia. The retail capital markets’ momentum of 2005 continues to be very strong in 2006,” said Cooper, a senior director and team leader at Cushman & Wakefield.
Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.