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Sandy Springs to build its new City Hall on the site of former Target

Posted by Russell Malayery, CCIM at 08:47 AM on January 14, 2009

SANDY SPRINGS, GA- As reported by GlobeSt.com the City of Sandy Springs has acquired a 96,213-square-foot site at 235 Johnson Ferry Road to serve as the site of its future City Hall. The 7.7-acre site was purchased for $8 million from Target Corp., which recently vacated the location to relocate to a center half a mile south.

Because of today?s soft retail and commercial real estate markets, city was  able to negotiate an attractive purchase price that would have been unimaginable a year or two ago.

Plans for the new City Hall are still in preliminary stages, with no approximate value, groundbreaking or construction timetable set. It is unknown whether or not the city?s current office locations at 7840 Roswell Road within Morgan Fall Office Park will remain occupied by the government after the new buildings are completed.

Categories: Retail, Atlanta Economy

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