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Bull Realty Arranges $5.8 Million Land Sale for “The Malone on Peachtree” Development

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08-31-2017 02:16

Bull Realty arranged the sale of a 3-acre tract of land in Chamblee, GA. The sale closed on August 15th for $5,750,000.

The property will become “The Malone on Peachtree,” a 5-story, LEED certified 466,057 SF mixed-use development with approximately 205 age restricted units and 23,937 SF of retail space. The architect for the project is Coursey & Associates Architects. Renderings were released by The Atlanta Business Chronicle in May.  

Bull Realty’s John DeYonker arranged the sale between the seller, Maltese Family Holdings, LLLP, and the buyer, a subsidiary of Courtland Partners. 

John DeYonker

“This is a great location and site. The development will do well in this booming market,” said DeYonker.

“When you see land selling for $44 per square foot, it clearly illustrates the viability of walkable city centers in close-in suburban markets,” said Michael Bull, CCIM.