Tribute Lofts Retail, a 5,360-square foot retail property and Madre & Mason, a 3,700-square foot net-leased property in Atlanta, have just traded hands. Tribute Lofts Retail, a 5,360-square foot retail property and Madre & Mason, a 3,700-square foot net-leased property in Atlanta, have just traded hands.

ATLANTA—Tribute Lofts Retail, a 5,360-square foot retail property and Madre & Mason, a 3,700-square foot net-leased property in Atlanta, have just traded hands. The urban Atlanta assets traded for $1.3 million and $875,000, respectively.

Daniel “Sonny” Molloy and Jared M. Kaye, investment specialists in Marcus & Millichap’s Atlanta office, along with Douglas K. Mandel, investment specialist in the firm’s Fort Lauderdale office, represented the sellers, both limited liability companies. Molloy, Kaye and Mandel also procured the buyer for Madre & Mason.

“We continue to see an increase in demand for infill Atlanta real estate,” Kaye tells GlobeSt.com Tribute Lofts Retail is a retail center located in a mixed-use condominium in the Old Fourth Ward neighborhood of Atlanta. The property is fully leased to tenants including Condesa Café & Espresso Bar, Casual Baked Comfort Food, and the Sha’ Mari Hair Salon.

Madre & Mason is located in the in-town neighborhood of Morningside-Lenox Park. The restaurant is the only retail unit within the Belvedere Condominiums at Piedmont Park. Madre & Mason is the newest of three restaurants run by Atlanta chef Calavino Donati and features an eclectic fusion of Southern and Latin American cuisine.

According to M&M, Tribute Lofts and Madre & Mason represent true pride-of-ownership real estate, occupying a select niche of condo-based commercial real estate opportunities in the urban core of Atlanta. The scarcity of this type of investment presents both an opportunity and a challenge for investors.

“Within a short marketing timeframe, we created a competitive bidding environment which resulted in multiple offers for both properties,” Kaye tells GlobeSt.com. “Our specialized expertise and market knowledge in dealing with the unique challenges of condo-based real estate helped create a smooth transaction for all parties.”