GRASSLANDS PLAZA RETAIL CENTER SELLS FOR $1.8M

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ALPHARETTA, GA. — The 22,000-square-foot Grasslands Plaza shopping center at 5620 Commerce Blvd. in Alpharetta has traded for $1.8 million. PNC Bank sold the foreclosed property and three acres of land to TAC GrassLands LLC, a regional equity group. Grasslands Plaza was built in 2008 and is currently 69 percent occupied with tenants including Curves, Dollar Tree, Moe’s Southwest Grill and AT&T Cellular. The vacant parcels are approximately 1.32 and 1.73 acres. Grasslands Plaza and the vacant lots are outparcels to a Wal-Mart Supercenter. Ron Whitmire and Bob Kane of Bull Realty represented the bank in the disposition.

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