People have been wondering for years when something would happen to change the rundown look and feel of downtown Avondale Estates.
It may have happened, with landowner Newburger-Andes selling all of the downtown property it owns to Oakhurst Realty Partners of Decatur, according to the commercial real estate website Bisnow.
David Andes, chief investment officer and owner of Newburger/Andes, said the sale includes virtually all of the Tudor-designed downtown Avondale Estates. Many of those stores have been vacant for years.
"We thought Oakhurst had a better presence in the area," Andes said to Patch Monday afternoon. "It's time for some new blood to come in."
has offices on East Trinity Place in Decatur. It's not known what that company plans to do with the property.
Here's what Bisnow reported.
After some 30 years, Newburger-Andes has decided to sell its estate (imagine what you'll find in that yard sale).
Late last week, we chatted with David Andes who informed us his firm has sold what amounts to Downtown Avondale Estates, the 26k SF retail/office tudor style building that is the landmark to the area on the main intersection. Atlanta-based Oakhurst Realty Partners purchased the building (listed on the National Register of Historic Places) for $1.08M, according to Databank.
Avondale Estates had high hopes about two years ago, with a developer planning to build a Publix and a mixed-use area. .
Patch is seeking comment from Oakhurst Realty Partners, Avondale Estates Mayor Ed Rieker and others. We'll update the story as we receive more information.