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Cedartown, Ga. — Atlanta-based Delza Properties and CedarPlaza Partners have acquired Cedar Plaza, an 83,300-square-foot retail center located in Cedartown, approximately 55 miles west of Atlanta, for $10.3 million. Situated at 720-730 N. Main St., Cedar Plaza is anchored by Kroger. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship.
The new owners plan to enhance the property with the potential addition of a drive-thru quick-service restaurant, along with complementary inline retail, medical and restaurant space.
Mark Joines and Drew Fleming of Newmark represented the seller, Loser Inc., in the transaction.