Press Releases

November 14, 2018


Fort Oglethorpe, GA. – Transwestern’s Southeast Investment Services Group today announces it closed the $16.5 million sale of Parkway Plaza, a 134,047-square-foot retail center at 125 – 234 Parkway Drive in Fort Oglethorpe, Georgia. Transwestern Vice President Fred Victor provided disposition services on behalf of CBL Properties and completed the cash sale to United Properties, a privately held real estate investment group based in East Meadow, New York.

“The Parkway Plaza sale allowed CBL to capitalize on strong market conditions for a favorable return, while United Properties added a high-quality asset to its growing portfolio of multitenant shopping centers in the Southeast U.S.,” said Victor.

Developed in 2015 by CBL, Parkway Plaza is 100 percent leased and anchored by popular retailers Hobby Lobby, Marshalls, Petco, Rack Room Shoes, and Ross Dress for Less. Positioned adjacent to Walmart in the robust Chattanooga metropolitan area, the center benefits from a synergistic, multistate customer base.

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Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 35 U.S. offices and assists clients from more than 221 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.

Media Contact:

Typhanie Stewart

954.873.2204

typhanie@stir-communications.com

twmediarelations@transwestern.com

Fred Victor

Vice President

Atlanta, Georgia

+1 (404) 842-6575

Bruce Ford

President, Southeast

Atlanta, Georgia

+1 (404) 842-6586