Chattanooga, TN based developer, The Hutton Company, has closed on 1+/- acre site on Albuquerque's southwest Mesa. The property is located within a master-planned commercial development located at the southeast corner of Sage and Unser. The Hutton Company has completed over 735 development projects for various retailers across the country, 7 of which have been completed within New Mexico.
The Ransom-With Team assisted Hutton with the site selection, negotiated the terms and purchase agreement and helped carry the transaction through to a successful closing. The keys to the transaction were finding an entitled vacant parcel of land with utility infrastructure and zoning in place. In addition, the price structure of the deal had to be aggressive enough for Hutton to deliver a fully-improved retail building to Family Dollar at a reasonable lease rate.