Connolly Acquires 28,000-Square-Foot Towne Lake Plaza in Metro Atlanta

Woodstock, Ga. — Connolly has acquired Towne Lake Plaza, a 28,000-square-foot shopping center located 30 miles northwest of Atlanta in downtown Woodstock. Murchison Commercial Real Estate Inc. sold the center for $4.1 million. Built in 1990, the center was fully leased at the time of sale to tenants including J. Millers Smokehouse, The Blue Ghost Arcade, Gyro Aegean Grill, Alkaline Dry Bar, Dive Georgia and Wags & Wiggle Pet Boutique. Credit Union Business Services provided acquisition financing for the transaction. Retail Planning Corp. will manage the center and Connolly’s retail services division will oversee leasing at the property.