Coro Realty Announces the Acquisition of Taylor Collision and Suwanee Tool Rental and Long-Term Lease Agreement with ABRA Auto Body & Glass
ATLANTA, July 26, 2011
ATLANTA, July 26, 2011 /PRNewswire/ -- Coro Realty Advisors, LLC announces its acquisition of Taylor Collision and Suwanee Tool Rental, located at 3730 Lawrenceville-Suwanee Road, Suwanee, GA, 30024. Coro simultaneously entered into a development agreement and long-term lease with ABRA Auto Body & Glass to convert the former Taylor Collision and Suwanee Tool buildings into a 5,000 square foot free-standing office for ABRA and an adjacent 6,480 square foot auto repair facility.
John Lundeen, President of Coro, noted, "We saw an opportunity to redevelop an underutilized property in a high-traffic area for a quality tenant. We hope that this will be the first of several such build-to-suit transactions."
The transaction was coordinated by Bart Cross of Grubb & Ellis, who represented ABRA and Coro in the purchase.
Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment. With a commitment smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments. The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.
For More Information Please Contact:
SOURCE Coro Realty Advisors, LLC
Proposal could change the way businesses account for leases.
Appointment of Russ Hoffbauer to Board of Trustees also announced.