UPDATED: Oakhurst Realty Buys Much of Downtown Avondale Estates
Decatur Metro | July 23, 2012UPDATE: Here’s a response about the purchase from Oakhurst Realty’s Fisher Paty…
We are thrilled about the acquisition of this building. Our goal is to be good stewards of this historic building and to help downtown Avondale Estates become a thriving commercial area. We believe the downtown area has tremendous upside and hope to help start the momentum.
From Bisnow Atlanta…
Late last week, we chatted with David Andes who informed us his firm has sold what amounts to Downtown Avondale Estates, the 26k SF retail/office tudor style building that is the landmark to the area on the main intersection. Atlanta-based Oakhurst Realty Partners purchased the building (listed on the National Register of Historic Places) for $1.08M, according to Databank.
Bisnow says that it took two years to consummate the sale and that we should stay tuned to hear what Oakhurst Realty has “in store” for the Tudor style retail strip.
Photo courtesy of duien via Flickr
h/t: Patch