Cleeman Realty Group is pleased to announce the sale of Towne Plaza, a retail center located at 1502 Big A Rd in Toccoa, GA. The property sits on 11.42 Acres of land and consists of roughly 125,000 square feet of gross leasable area. The shopping center is anchored by Ollie’s Bargain Outlet, a popular discount retail chain, and Quality Foods, a locally owned and operated grocery store. Cleeman Realty Group was able to secure a buyer who recognized the substantial upside potential of the property, which is currently 71% occupied. Towne Plaza is located in a high-traffic area with excellent visibility, making it an ideal location for retailers looking to establish a presence in the Toccoa market.
Michael Cleeman and Jeremy Scheer of Cleeman Realty Group represented the buyer in this transaction.
“We are thrilled to have successfully brokered the sale of this retail center in Toccoa,” said Jeremy Scheer of Cleeman Realty Group. “This property is an excellent investment opportunity for the new owner, with significant potential for lease-up and increased cash flow. The property’s strong anchor tenants and strategic location in Toccoa’s retail corridor make it a valuable addition to our client’s portfolio.”
For more information about this transaction or Cleeman Realty Group and their services, please contact Mr. Cleeman or Mr. Scheer.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at
www.cleeman.com