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THIBADEAU CO. INC: SELLING ATLANTA REAL ESTATE SINCE 1949

THIBADEAU COMPANY, INC. DECATUR COMMERCIAL REPORT

Leonard Thibadeau - 404 325 3900 www.thibadeaurealty.com

OCTOBER 1, 1997 - APRIL 1, 1998

SALES:

ADDRESS

SELLER

BUYER

SALES

PRICE

CLOSE

DATE

SQ.

FEET

LESSEE

112 CHURCH ST.

Richard Clark

Andrew Gilchrist

$189,000

3/1998

2,384

OWNER: Andrew Gilchrist

Decatur resident, Andy Gilchrist moved his business, LOST WORLD ADVENTURES, to this location in March of 1998. They specialize in tours to Central and South America. 404-373-5820

216 CHURCH ST.

Orth & Lacey

BSCS Properties

Bricker & Spiker

$300,000

11/14/97

2,524

Betty Spiker and Donald Bricker, both Decatur residents, have purchased this property and have moved their respective businesses there.
Betty is president of Spiker Baldwin Associates, Inc., a consulting firm specializing in materials research, construction technology, and the preparation of construction specifications and related documents. Donald is an architect specializing in the custom design of homes and home renovations. He also does home inspections.

220 CHURCH ST.

TARLETON

RITA WILLIAMS

$285,000

11/30/97

2,706

OWNER: LAW OFFICE

118 EAST MAPLE

BROSS &

KELLEY

JOHNSON &

DERRICKSON

$145,000

03/19/98

1,333

OWNER: LAW OFFICE

The Stone Dawg Attorney is moving his office here from his temporary digs on Church Street.

211 E. PONCE DE LEON

WHEAT

WILLIAMS, JR

DECATUR

SQUARE ASSOC.

$306,600

03/05/98

12,320

VACANT

LOT

N/A

This is the first parcel transferred for the assemblage of property for a combination residential/retail development. This will take in the parking lots that front on Sycamore across from the Library, the lots on East Ponce next to Seventeen Steps, and the City’s parking lot at the corner of Church and Sycamore.

149 SYCAMORE STREET

FEAGIN

PACHULIK

$170,000

01/27/98

2,600

This was the former home of Miss Elizabeth, Decatur’s last street person, before the city passed the no camping ordinance. It has been a medical lab, and the report is that it will be used in that capacity until a suitable retail tenant is found.

1 WEST COURT SQUARE

S.E. PROPERTIES

(GILES)

ACKERMAN

DECATUR LIMITED PROP.

$3,700,000

10/23/97

142,702

MULTIPLE

315 WEST PONCE

(WACHOVIA)

GWINNETT INDUSTRIES

(PATILLO)

DECK DECATUR

$5,625,000

08/01/97

130,000

COMMERCE STREET

THE FRIENDS

SCHOOL

ASHWOOD

DEVELOPMENT

$460,000

02/27/98

3.1 ACRES

N/A

25 TO 28 HOMES TO BE BUILT ON THIS SITE ACROSS FROM THE DECATUR ICE HOUSE.

LEASES:

ADDRESS

NAME OF

BUSINESS

TYPE OF

BUSINESS

SQUARE

FEET

OPENING

DATE

LESSEE

LESSOR

412 CHURCH STREET

DOMESTIC INSTINCTS

RETAIL

MARCH 1998

PATTI HADAWAY

LOUIS TARATOOT

Decatur Residents have opened this upscale shop offering home accessories and gifts.

308 W. PONCE DE LEON AVE,

(THE SHOPS OF WEST PONCE)

CAFE GELATO

RESTAURANT

MARCH 1998

ROBERT REYNOLDS

HIROMI REYNOLDS

WEST PONCE DE LEON PROPERTIES

Located in the old Final Touch location, this new restaurant will feature Italian Ice Cream and Gourmet Coffees, plus sandwiches.

308 W. PONCE DE LEON AVE.

(THE SHOPS OF WEST PONCE-SUITE C)

SUSHI AVENUE

RESTAURANT

DECEMBER 1997

WEST PONCE DE LEON PROPERTIES

ON THE HORIZON:

N.W. Corner of W. Ponce and Commerce (formerly Leiphart & Southern Star)-- Selig Enterprises is planning a group of retaill stores anchored by a CVS Pharmacy on the corner. Current plans show two rectangular buildings along Ponce Place and a larger (5500 sq. ft.) building toward the rear.

S.W. Corner of West Ponce and Commerce (Formerly a parking lot & Vandy’s) - The owner is considering turning the storefronts to face the parking lot, giving more front feet for retail space and great parking for their customers. Offered for lease by Frank Bishop of E. M. Bishop.

Thibadeau Co., Inc. 1549 Clairmont Rd. Suite 204 Decatur, Ga. 30033
(404) 325-3900 Email leothib@thibadeaurealty.com

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