X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Boeing Co.’s decision to switch listing brokers in the sale of its 71-acre, undeveloped Sugar Loaf 85 tract in suburban Duluth, Ga may be paying off shortly, area land brokers tell GlobeSt.com on condition of anonymity.

CB Richard Ellis Inc., which now has the listing contract formally held by Grubb & Ellis Co., is negotiating with a serious buyer prospect, brokers tell GlobeSt.com.

Boeing Co. is asking $23 million or $323,944 per acre ($7.44 per sf) for the dirt near the Gwinnett County Civic and Cultural Center. The parcel has been on the selling block since June 1999. The original asking price was $29 million or $408,450 per acre ($9.38 per sf).

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.