RAM REALTY PURCHASES HOME DEPOT LANDSCAPE SUPPLY STORES FOR $22 MILLION

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DULUTH, KENNESAW, SMYRNA, SNELLVILLE AND WOODSTOCK, GA. — Florida-based Ram Realty Services has acquired an 11-property portfolio of Home Depot Landscape Supply stores totaling 74 acres in Atlanta and Dallas from Atlanta-based Home Depot, for $22 million. The properties range from 4.5 to 9 acres and include 25460 Satellite Blvd. in Duluth; 16840 Old Hwy 41 in Kennesaw; 4600 South Cobb Dr. in Smyrna; 1582 Janmar Rd. in Snellville; 475 Parkway 575 in Woodstock, Ga.; and six properties located in the Dallas-area. The seller was represented in-house by Ken Baye, and Mike Folio of Corporate Property Divisions represented the buyer. Home Depot closed its landscape stores last November; Ram Realty will evaluate the portfolio to determine future uses for the sites.

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