Brasswater Acquires Cross Country Plaza Retail Center In Columbus For $48.2M With Hackney Real Estate
3201 Macon Road
$48,200,000
$158/SF
Building Size
304,735 SF
Asset Type
Retail
Closing
Sep 4, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 3201 Macon Road, Columbus, GA. The property was sold for $48,200,000 and encompasses 304,735 square feet, which equates to a price per square foot of $158. The property was 95% leased at the time of closing.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48,200,000
- Buyer: Ian Quint - Brasswater
- Seller: Ashby Hackney & Roby Hackney - Hackney Real Estate Partners
- Broker: Fred Victor - Atlantic Retail
The sale was brokered by Atlantic Capital Partners, with Fred Victor representing Hackney Real Estate Partners. The buyer of the property is Brasswater, a company based in Montreal, and the sellers were Ashby Hackney and Roby Hackney.
Players
Macon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93