Property Located in Atlanta Metro, Neighboring Henry Piedmont Hospital

Atlanta, GA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, recently brokered the sale of a Walgreens, totaling 14,280 square feet, located at 1056 Eagles Landing Parkway, Stockbridge, GA, just outside of Atlanta. The agents received north of 10 offers on the property, and the sale closed within one percent of its listing price, modeling a quick and efficient transaction. Executive Vice President Chad Kurz and Associate Tarik Fattah represented the seller.

The Walgreens property is in the bustling Atlanta metropolitan area in a retail and medical complex neighboring Henry Piedmont Hospital. The buyer is an established New York-based investor looking to sell out of a multifamily building. Matthews™ agents completed the all-cash deal, fulfilling the buyer’s 1031 Exchange.

“We were able to meet the seller’s needs who was looking to get out of a fixed income asset in a rising interest rate environment,” said Kurz. “The buyer was ecstatic to secure a well-located pharmacy in Atlanta’s metro.”

The property’s prominent location next to Henry Piedmont Hospital and proximity to the GA 401 highway establish the property as a trophy asset transaction closing in just over 60 days. The drugstore and pharmacy giant reported over 250 locations in Georgia as of early 2021.

“This Walgreen’s property could not be positioned better. The healthcare sector is booming because of the pandemic, and being next to a hospital makes this listing a great investment for the buyer,” said Fattah.

Healthcare commercial real estate, particularly pharmacies, is a strong asset for investors due to its ranking as an essential business. These properties weather difficult economic climates and are constantly innovating technology to meet the need for a quick and contactless experience.

For more information or to contact Chad Kurz and Tarik Fattah, please visit www.matthews.com.

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 14 offices across the United States, continues to focus on expansion into new markets. For more information, please visit www.matthews.com

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