Mark 2010 as the year commercial REO properties began selling again. Investors with capital see stabilizing prices and signs of fundamental improvement and are acting accordingly. The purchase of smaller assets has accelerated as financing for this sector has reemerged.
The REO Asset Administration Division of Lavista Associates, Inc. is pleased to announce the recent disposition of four lender-controlled commercial properties.
Scott Clayton represented State Bank & Trust in the sale of a 20,000 SF industrial building at 243 Stowers Road in Dawsonville.
Austin Chase sold a freestanding office building at 101 Colony Park Drive in Cumming on behalf of Excel Federal Credit Union.
John Cape and Kirven Brantley represented Westside Bank in the disposition of an office building in Satellite Park at Huntcrest in Suwanee.
Austin Chase also brokered the sale of 41 Milton Avenue, an office building located in Alpharetta, for State Bank & Trust.
Lavista Associates, Inc. projects this activity to continue as investors and users both recognize unprecedented purchase opportunities.