Stan Johnson Company Brokers Sale of Thomson Plaza Near Augusta, Georgia
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Thomson Plaza located at 308-324 West Hill Street in Thomson, Georgia. The property is comprised of a 96,495-square-foot retail center situated on more than 10.5 acres, and it was 98 percent leased at the time of sale. The seller, Thomson Plaza LLLP, was represented by Doug Clyburn and Julie Clyburn of Stan Johnson Company. A private 1031 exchange buyer from Statham, Georgia purchased the asset for approximately $3.3 million.
“We represented the seller, a local family, who has owned the property for more than 49 years,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office. “Thomson Plaza has a history of stable occupancy and enjoys outstanding visibility and access, along with favorable lease economics, all of which were attractive to the purchaser.”
Thomson Plaza is a KJ’s Market IGA grocery-anchored community center consisting of a mix of local and national tenants including Bealls Outlet, Family Dollar, Aaron’s and Subway. The 13-tenant property is located 33 miles west of Augusta, Georgia and was originally constructed in 1972 with renovations occurring in 1990.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.