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Case Study: BellSouth
BellSouth
5147 Peachtree Industrial Blvd, Chamblee, GA
199,000 SF Situated on 15.24 Acres
The Client:
BellSouth
The Transaction:
Disposition of 199,000 SF situated on 15.24 acres
The Challenges:
Building suffered from functional obsolescence.
Environmental contamination from off-site
sources.
BellSouth had tight frame to conclude sale.
Majority (63%) of the property was
office and office market was extremely weak.
The Results:
Concluded a sale within 15 months of initial listing at price exceeding Seller's expectations.
Facilitated approvals from the City for redevelopment of the site from Office and Industrial
use to new Retail development. Helped convince Wal-Mart of the site's viability for their first
Super Wal-Mart built on top of a parking deck. Helped manage Brownsfield application and
approval. Resurrected the sale at the 11th hour after Purchaser walked away from closing.
The Bottom Line:
Total Size of Project: 199,000 SF on 15.24 acres
Sales Volume: $9,893,466
Bryant Commercial Real Estate Partners One Alliance Center - 3500 Lenox Road NE, Suite 200, Atlanta, GA 30326 Phone: 404.442.2810 Fax: 404.442.2811 |
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