July 26, 2011 — ABRA Auto Body & Glass has entered into a development agreement and long-term lease with Coro Realty Advisors for a new facility.
Coro recently acquired Taylor Collision and Suwanee Tool Rental in Suwanee, Ga. Per the agreement with ABRA, Coro will develop the site into a 5,000-square-foot freestanding office and adjacent 6,480-square-foot repair center.
“We saw an opportunity to redevelop an underutilized property in a high-traffic area for a quality tenant, said John Lundeen, president of Coro. “We hope that this will be the first of several such build-to-suit transactions.”
Bart Cross of Grubb & Ellis coordinated the transaction, the financial details of which were not disclosed.
Coro Realty Advisors, founded in 1997, is a real estate investment and development company. For more information, go to cororealty.com. ABRA Auto Body & Glass, based in Minneapolis, has been following an aggressive growth plan this year. For more information on ABRA, go to abraauto.com.