According to Craig Taylor, senior vice president with CB RichardEllis' Atlanta office, Roebuck Center, situated at 9078-96 ParkwayEast, was on the market about four months, with eight qualifiedoffers coming down the pike for Arcis Investments. He saysWal-Mart's entry into the submarket energized the area. "Two of thebest offers were both from Florida," Taylor says, adding that thebids came from private investors. The CBRE team included seniorvice president Mark Shellabarger and associate Matthew Baldwin.

Taylor tells GlobeSt.com that the buyer of record, RoebuckBansal LLC, got the property because of its willingness to learnabout the market and ability to apply for a mortgage and get duediligence done quickly. "He engaged the services of a localmortgage broker who understood the real estate in the area ratherthan simply looking at stuff on a grid," he adds.

Taylor says the center, built in the early 1990s on 15 acres,won't need any rehab or any major rent increases. "The rent levelsare comfortable for most of the tenants," he says. "I think thething that attracted this buyer was little turnoverhistorically."