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Park Place Retail Center Trades for $28.5M

CBRE Brokers Trade of 82,000-SF Property
June 2, 2009
Coro Realty Advisors LLC acquired Park Place at 4505 Ashford-Dunwoody Road NE in Atlanta from Bell Sember I for $28.5 million, or about $347 per square foot.

The one-story retail center comprises of four buildings and totals 82,097 square feet. The property was completed in 1979 and renovated in 1986.

Senior vice presidents Chris Decoufle and Casey Rosen along with associate Kevin Reavey of CB Richard Ellis represented the seller. John W. Lundeen, president of Coro Realty, represented the buyer in-house.

Please refer to CoStar COMPS #1711593 for more information.

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