February 11, 2016
Ackerman & Co. Arranges Sale of 1.4 Acres for $1.2MM to Bojangles Franchisee
Atlanta, February 11, 2016 –The Ackerman & Co. Retail Investment Sales team and Transwestern represented Flagstar Bank in the sale of a 1.4-acre land in Kennesaw, Ga. for $1,200,000. A Bojangles Franchisee, one of the fastest growing quick-service brands in the country, purchased the property. The franchisee was represented by Retail Site Services.
Last summer, the Charlotte-based chicken-and-biscuit chain announced plans to add additional corporate and franchise restaurants in Atlanta. Bojangles’ debuted in this market in 2013 with a location in the Atlanta Hartsfield-Jackson International Airport – there are now more than 45 locations in the City.
Ackerman & Co.’s Sean Patrick and Gina DeRaffele along with Chris McCauley of Transwestern (Boston, Ma.) represented Flagstar Bank.
“This is an excellent retail location,” said Vice President of Investment Sales Sean W. Patrick, CCIM. “With demand from Kennesaw State University, close proximity to an extensive retail area which includes recognizable brands like Home Depot, Walgreens and Starbucks among others,” he added.
The property also offers rear access to Shiloh Road with a signalized intersection along the heavily traveled retail corridor with more than 35,000 vehicles per day.
– 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 nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com