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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.

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