{"id":1004158324,"date":"2016-11-04T08:05:48","date_gmt":"2016-11-04T16:05:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004158324"},"modified":"2020-04-29T09:23:43","modified_gmt":"2020-04-29T17:23:43","slug":"avison-young-arranges-sale-of-georgia-historic-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/avison-young-arranges-sale-of-georgia-historic-building\/","title":{"rendered":"Avison Young Arranges Sale of Georgia Historic Building"},"content":{"rendered":"<div id=\"attachment_1004158326\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Enterprise-Mill_exterior-front.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004158326\" data-attachment-id=\"1004158326\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/avison-young-arranges-sale-of-georgia-historic-building\/enterprise-mill_exterior-front\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Enterprise-Mill_exterior-front.jpg\" data-orig-size=\"1536,1024\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Enterprise Mill_exterior front\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Enterprise-Mill_exterior-front.jpg?w=1024\" class=\"wp-image-1004158326 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Enterprise-Mill_exterior-front.jpg\" alt=\"Enterprise Mill\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Enterprise-Mill_exterior-front.jpg 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Enterprise-Mill_exterior-front.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Enterprise-Mill_exterior-front.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Enterprise-Mill_exterior-front.jpg?resize=1024,683 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004158326\" class=\"wp-caption-text\">Enterprise Mill.<\/p><\/div>\n<p>by Evelina Croitoru<\/p>\n<p><strong>Atlanta\u2014<\/strong>Toronto-based <a href=\"https:\/\/www.avisonyoung.com\/\" target=\"_blank\" rel=\"nofollow\">Avison Young<\/a>\u00a0has closed the $13 million sale of Enterprise Mill, a mixed-use property in downtown Augusta, Ga. The transaction represents one of the largest sales closed to date in Augusta in 2016. The property was acquired from seller Enterprise Mill LLC, a private investment group with headquarters in Coral Gables, Fla.<\/p>\n<p>Located at 1450 Greene St., the roughly 179,122-square-foot Class A building is situated on 9 acres. \u201cWith 118,928 square feet of office\/<a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\">retail <\/a>space and 60 upscale residential lofts, Enterprise Mill was one of the few trophy value-add properties remaining in the Augusta market. The property\u2019s combined occupancy level exceeds 90 percent, making it an extremely stable income-producing asset for the new ownership,\u201d AJ Belt, a principal of Avison Young, said in a prepared statement.<\/p>\n<p>The property is situated in the historic Riverfront District, surrounded by amenities including Medical College of Georgia, three major <a href=\"https:\/\/www.commercialsearch.com\/news\/healthcare\/\" target=\"_blank\">hospitals<\/a> that comprise Augusta\u2019s medical complex and upscale boutiques. In addition, Enterprise Mill offers easy access to SR-4, Broad Street and US-1\/Gordon Highway.<\/p>\n<p>South Florida-based AJ Belt and David Duckworth, both principals with Avison Young, represented the seller in the transaction. \u201cOur extensive <a href=\"https:\/\/www.commercialsearch.com\/news\/avison-young-raises-equity-for-spec-warehouse-in-metro-charleston\/\" target=\"_blank\">network<\/a> of Miami-based investors allowed us to secure the ideal buyer for this asset. With the cap rate compression seen in the South Florida market, there is a trend of investors looking further north for greater yield, as demonstrated by this sale,\u201d said\u00a0Duckworth in prepared remarks.<\/p>\n<p><em>Image courtesy of Avison Young<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deal marks one of the largest sales completed in 2016 to-date in Augusta, Ga.<\/p>\n","protected":false},"author":1055,"featured_media":1004158326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21752,21742],"tags":[],"class_list":["post-1004158324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-mixed-use","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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