Bull Realty Brokers $9.2 Million Sale of Barrett Creek Plaza

ATLANTA - March 23, 2015 - PRLog -- John Harrison VP and Kermit Hairston VP, both with the National Retail Group of Bull Realty were the only brokers involved in the sale of Barrett Creek Plaza. The sale closed on Feb. 9, 2015 for $9.2 million.

The 83% occupied, 28,841 square foot retail center is located near Town Center at Cobb Mall at 125 Ernest Barrett Parkway in Marietta, GA. The seller was MRK Barrett Creek LLC and the buyer was PMC Fund LLC.

The center has national and regional credit tenants including Axiom Staffing, Buffalo Wild Wings Grill & Bar, Chase Bank, Cheeseburger Bobby’s, Moe’s Southwest Grill and T-Mobile.

“The dynamic mix of national and local tenants was attractive to potential buyers and generated interest from a variety of groups, including international investors,” commented Harrison.

Hairston reported, “This sale is another example of the strength in the retail investment market and the continued compression of cap rates for suburban properties.”

Harrison agreed, “Atlanta’s retail investment market is commanding interest from a wide range of buyers and investment demand is driving down cap rates.”

Barrett Creek Plaza is located two miles from Kennesaw State University, the third-largest university in Georgia with 24,100 students.

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services. The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on 40 radio stations nationwide, iTunes, YouTube and CREshow.com.