Our firm is retained periodically to handle the disposition or acquisition of real estate assets. This work is typically a follow-up to a counseling assignment, once the decision is made that a property sale or purchase is the best option. The thorough knowledge of the property and market obtained in the initial counseling phase offers an extremely strong platform for a successful disposition, or an efficient investment search in the case of an acquisition. Our approach is to market properties on a direct basis to prospective buyers, but we will work with brokers if they exclusively represent a qualified buyer. We begin by preparing a professional marketing presentation and developing a prospect list. Once we have generated buyer interest, we are careful to qualify the buyer’s ability to perform. We will handle all contract negotiations and assist the buyer through the due diligence process in order to achieve a timely closing. To view an illustrative example, please click here.
A sample of our assignments involving the successful acquisition or disposition of real estate assets includes:
The North Georgia United Methodist Conference needed help developing a master plan and development strategy for its Simpsonwood property, which has extensive frontage on the Chattahoochee River and was improved with a conference and retreat center. Working in concert with a land planner, we evaluated various development scenarios, but ultimately concluded that the highest and best use might well be green space. We then assisted the Conference in the disposition of the property to Gwinnett County for a passive park.
Fenner Dunlop, a leading manufacturer of conveyor belts, was contemplating the possible relocation of one of its plants, which occupied 13.6 acres near downtown Avondale Estates, Georgia. Our role was to determine the property’s highest and best use in order to gauge its potential disposition value. The client then hired us to assist in the disposition of the property, which ultimately sold to a local multifamily developer.
Oxford Industrieswanted help exploring alternatives for its corporate headquarters. The company occupied a downtown office building constructed in the late 1960s and was considering a move to more modern office space. We were retained to examine the merits of remaining in the current building versus relocation. The decision was ultimately made to relocate, and our firm was subsequently hired to handle the disposition of the current corporate headquarters.
We represented Katsu Internationalwhen they purchased The Prado, a 200,000-square-foot, office/retail development, in December, 1992. As a testament to the client’s satisfaction with our services, we were asked to represent them again when the property was sold 14 years later to The Sembler Company at a significant profit.
Parr-Drinkard Investments, LLCowned one of the largest tracts of undeveloped land in Woodstock, Georgia. Its size, physical attributes, and zoning lent themselves to a mixed-use development, and we successfully consummated a sale of the property to John Wieland Homes and Neighborhoods.
HADDOW & COMPANY | ONE MIDTOWN PLAZA | 1360 PEACHTREE STREET NE | SUITE 1000 | ATLANTA, GEORGIA 30309 www.haddowandcompany.com | Phone: 404.577.7222