Our News

May 31, 2013

Ackerman & Co. Sells CVS in Conyers, Ga.

Atlanta, May 31, 2013 – Ackerman & Co. has brokered the sale of yet another net-leased drugstore. Jason Powell, vice president of brokerage at Ackerman, arranged the sale of a single-tenant CVS Pharmacy located in Conyers, Ga. This marks the fourth net-leased CVS or Walgreens sale by Ackerman in 2013.

The CVS is strategically positioned directly across the street from Rockdale Medical Center, a 138-bed acute-care hospital in Conyers, was constructed for Eckerd Drugs in 1996; CVS assumed the lease in 2009.

This well-located, single-tenant, net-leased investment attracted many buyers from across the country seeking  assets leased by Walgreens and CVS. The 9,504-square-foot CVS was sold promptly, in an all cash deal, for approximately $1,900,000 to Florida based LJL Holdings, LLC. The seller is a private entity based in New Jersey.

– About Ackerman & Co. –

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

The company’s Investment Sales and Retail team provide unsurpassed institutional underwriting and marketing that ensure optimum financial results. Our clients trust us with more than $300 million of active listings.

For more information on Ackerman & Co., visit www.ackermanco.com