TTG Properties, LP, has purchased a 9,358-square-foot vacant retail building located in Valdosta, Georgia, from Rialto Capital Management for $670,000. Chip Sipple and Kirk Williams of Lincoln Property Company (Lincoln) represented the seller. Clay Browning with Commercial Real Estate Advisors LLC provided local expertise and assisted Lincoln with the sale.

“This property is located in the fast–growing Five Points submarket of Valdosta, which has seen great improvement over the past several years,” Sipple said. “The property is located in close proximity to strong demographics and other major retailers including a Walmart Superstore.”

The building, located at 3119 N. Oak St. Extension, is the former location of the Potter’s House Christian Retail Store, which closed in 2013. The property benefits from its location inside the city limits of Valdosta in the Five Points submarket.

About Lincoln Property Company

Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 128 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets.

For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to www.lpcsoutheast.com/blog.