Bill Bouldin and Glenn English of Bouldin & English, along with Greg Meyer of Brown, Stevens, Ellmore & Sparr worked as a team in locating and arranging both sides of a deal for the 2-story, 85,742 SF complex, which consists of 6 buildings. "The buyers were looking for property that had value-added prosperity," said Bouldin. "This particular buyer likes to buy buildings that need work. That was a motivating factor."
The low-rise building was built in 1980 and is an existing property that can be fairly easily fixed up. The new owners are renovating the property to include new paint, a new roof, and various other amenities. The building was partially vacant at the time of the sale and CT Realty has assigned Kurt Munger of Cornish & Carey to negotiate new leases for the open space.
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