The Compass Real Estate Team is honored to announce the closing of 8.84 commercial acres located off of Eagles Landing Parkway and Country Club Drive in Atlanta, Georgia. The project is one of more than 26 assets entrusted to Compass Auctions & Real Estate to list and sell on behalf of the Federal Deposit Insurance Commission (FDIC). Compass, with offices in Nashville, Chattanooga, Western Kentucky and Atlanta works closely with Special Assets Consultant T. Kyle Swicegood, CCIM to assist in the disposition of assets nationwide.
The Eagles Landing Development was assigned to Project Manager Justin Ochs, VP of National Development for Compass. Ochs worked diligently with FDIC officers over the past several months to identify potential developmental concerns and effectively transfer the commercial acreage back into the public’s hands.
“Additionally, Ochs and Compass Real Estate conducted an exhaustive search through specially designed marketing techniques. Identifying cash buyers who could overcome any potential concerns.”
The Eagles Landing Parkway Development consists of 2.24 +/- acres on the corner of Eagles Landing. With additional 6.51 +/- acres located on Country Club Drive, for a total of 8.84 acres. Furthermore, Ochs worked with buyers to identify and overcome erosion control issues, buffer zones and ingress and egress issues. Successfully selling the entire development in 5 months.
The property was listed and sold by Team Compass for a total of $2,000,000. FDIC Officers and Asset Managers have been extremely pleased with the performance of properties. These properties were listed across the state of Georgia by the Compass Real Estate Team.