ATLANTA—The 27,057-square-foot Lindbergh Crossing shopping center here has been sold for $7.06 million.
The deal for the fully-leased shopping center at 2350 Cheshire Bridge Road was announced by brokerage firm Avison Young. Avison Young's Fort Lauderdale-based principals, AJ Belt III and Brian Mark, and David Duckworth, vice president of investment sales, oversaw the sale e of the asset on behalf of the seller—Lindbergh Crossing, LLC.
Some of the tenants at the property include Chase Bank, CVS and McDonald's. The buyer of the property was not disclosed.
“Some of the region's most successful companies have significant presence in the area, which has led to strong market fundamentals in suburban Atlanta's market, including rapid leasing activity, plummeting vacancies and growing rental rates,” says Belt. “The acquisition of Lindbergh Crossing provided the buyer the opportunity to own and control a premier shopping center in Atlanta's north corridor.”
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