SRS’ Southeast Investment Sales team exclusively marketed and brokered the sale of Springfield Plaza Shopping Center in Lawrenceville, Ga. The property is located at 430 Hurricane Shoals Road NW, which is situated on the northeast corner Hurricane Shoals Road NW and Maltbie Street NW. Springfield Plaza consists of 19,706 square feet on 2.74 acres of land. The seller, Hurricane Shoals Realty Partners, LLC sold the property to a local investor for $2 million on February 17, 2017
“Springfield Plaza presented an ideal opportunity for the investor in the process of relocating from the Midwest to Atlanta to establish a foothold in the Atlanta metropolitan area,” said John A. Topping Jr., senior associate for SRS’ Southeast Investment Sales Team. “Historically well-occupied and positioned with great visibility along Duluth Highway and Hurricane Shoals Road, the acquisition serves to strategically position the buyer with a solid foothold as he continues to expand his portfolio in the Southeast.”
John A. Topping, Jr., senior associate, and Robert Drake, senior analyst, in the SRS Atlanta Office, represented the seller, Hurricane Shoals Realty Partners, LLC, in the transaction. The buyer was represented by Victor Suhweil with Klein & Huechan, Inc. in the transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit www.srsre.com.