Our News

August 27, 2012

Ackerman & Co. Sells CVS Pharmacy in Georgia for $2.4MM

Atlanta, August, 27, 2012 – Ackerman & Co. has brokered the sale of a 10,125-square-foot CVS in Bainbridge, Ga. for $2,415,000. The single-tenant, net-leased transaction represents capital following good credit and strong store sales in secondary markets. The South Georgia CVS, built in 1999, is well located on the retail corridor of Shotwell Street – the main east-west artery and business route of Bainbridge.

The Ackerman & Co. investment sales team of Sean Patrick and Jason Powell represented the seller, R&M Realty Co. in the transaction. The property was purchased by an affiliate of Cole Real Estate Investments. Cole is one of the nation’s most active acquirers of core retail estate assets with more than $11 billion in assets under management. Chad Adams, vice president of acquisitions, represented Cole in the transaction.

– 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 provides 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.net