Mission Impossible 2: Galaxy Beats Appraisals

News Date: 
Aug 18 2006

Galaxy Partners, Inc.’s Hart Cobb recently completed two industrial property dispositions, achieving prices significantly above appraised value. Dunson Mill, a 441,000 square foot facility on 47 acres in La Grange, Georgia, sold in June 2006 for 60% above appraised value. In a separate transaction, Dixie Mill, a 312,000 square foot manufacturing and distribution facility on 20 acres and also in La Grange, Georgia, closed in May 2006 for 20% above appraised value.

Cobb also represented TVA Fire & Life Safety, Inc. in the lease of its 9,600 square foot Regional office in 900 Circle 75, Atlanta. Based in San Diego, TVA offers comprehensive fire protection, life safety, security, engineering, risk management, and loss control services to Fortune 500 companies and is one of the largest fire protection engineering firms in the world.