One of Atlanta's founding real estate families has bought one of the city's most popular bars.

 

Selig Enterprises has purchased the retail center occupied by Smith's Olde Bar for more than $3M, according to Databank. The property, called Morningside Strip Center, consists of nearly 18k SF of retail and another 27,400 SF of land, and has been owned by the estate of Beverly Taylor for more than 90 years. City Realty Advisors' Tim Holdroyd brokered the sale. "We already have a substantial investment in the area, including Ansley Mall and Ansley II, and this seemed like a natural fit," Selig CEO Steve Selig (here) says in an emailed statement to us.

For more on this story: http://www.cityrealty.net/