X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-On the market for less than a week, the 15-year-old, 30,000-sf former Innovations Furniture warehouse building in an industrial area off Armour Circle was snapped up by Blooming Cookies owner Ann King for $1.25 million, or about $41.67 per sf.

Area brokers tell GlobeSt.com the contract price for the property at 150 Ottley Dr. is below replacement cost. “There was a lot of interest (by potential buyers) and luckily we heard about it within a day of when it was listed,” a representative of Blooming Cookies tells GlobeSt.com.

“We had been looking for a new location for four years,” says King who founded the business in October 1984. “The new (one-story) building gives us room to grow and fits this business perfectly.” Blooming Cookies is moving from 502 Amsterdam Ave.

Ottley Drive Associates LLC was the seller.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.