Cushman & Wakefield Brokers Sale Of Bainbridge Mall
24 Jul, 2006, Bainbridge
Kris J. Cooper and Margaret K. Caldwell of Cushman & Wakefield, Inc. in Atlanta, GA in partnership with Jim Michalak of Plaza Advisors brokered the sale of Bainbridge Mall in Bainbridge, Georgia
Cushman & Wakefield’s Atlanta Office has successfully brokered the sale of Bainbridge Mall located at 1400 East Shotwell Street, Bainbridge, Georgia on behalf of Columbia, South Carolina based Edens & Avant. Kris J. Cooper and Margaret K. Caldwell of Cushman & Wakefield’s Atlanta Office handled the sale in partnership with Jim Michalak of Plaza Advisors located in Tampa, Florida. The buyer was In-Rel Management, Inc. of Lake Worth, Florida.
The partially enclosed mall was constructed in 1973, totals 153,770 square feet, and is anchored by a 40,800 square foot Belk Department Store. It was approximately 92% leased at the time of sale.
“The sale of Bainbridge Mall confirms that there is still a consumer need for mall shopping despite the intrusion and drawing power of a Wal-Mart Supercenter in the same tertiary city,” stated Cooper, 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.