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ATLANTA-In a strategic purchase, Carroll County officials have acquired the prime 252-acre Wilks Tract along the Upper Little Tallapoosa River, a location commercial developers have been ogling, area industrial brokers familiar with the property tell GlobeSt.com.

The county paid $1.4 million, or $5,397 per acre, a figure that would have quadrupled under commercial zoning, brokers tell GlobeSt.com. At 12 cents per sf, brokers say the county completed a prudent transaction at this time.

The Trust For Public Land, based in Washington, DC, locked up the land deal by buying it quickly, holding the dirt for a short period and then re-selling it to the county when the county obtained purchase funds, the Trust confirms. The two-section property is near GA 113 and McKenzie Bridge Road.

The county funded the acquisition through a state green-space grant and proceeds from a recently approved special sales tax.

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