ATLANTA—Douglasville Commons, a 90,224-square-foot shopping center in the Atlanta suburb of Douglasville, GA, has traded hands. The sale price: $3.9 million.

Craig Taylor, senior vice president within CBRE's Investment Properties Retail Group, represented the seller, First City Servicing Corp. Taylor also secured the buyer.

"The shopping center was attractive to this out-of-state investor because of its strategic positioning near I-20 and its sustainable rent levels to credit tenants," Taylor tells GlobeSt.com. "Additionally Fairburn Road is being widened by the GA DOT and a traffic light will be added fronting the plaza."

The shopping center, with tenants such as Goodwill, Beall's Outlet, and US Beauty Mart, has primary and secondary access point along Fairburn Road (SR 92) one-third of a mile north of I-20. Because of its location near residential and commercial uses—including a regional hospital, three secondary schools and the Douglas County municipal complex—the retail center sees traffic counts of 34,100 per day.

Lots of demand and limited inventory. In fact, that's the storyline about Atlanta retail these days. The retail bidding wars have begun in the Atlanta metro.

"We are seeing lots of demand in conjunction with limited inventory, especially in markets where density and income are above average and climbing," Cobb tells GlobeSt.com. "There is so much demand for high-profile submarkets that whatever is available is out-pricing many users."