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SOLD!

By   /   August 5, 2010  /   Comments

The real estate that includes the financially plagued Beef O’Brady’s restaurant at 2610 Gillionville Road near Darton College was sold for $70,000 on the Dougherty County Courthouse steps on Tuesday to Albany businessman Tim Coley. Coley acquired what is called a tax deed; now, a one-year redemption period is now in effect for the owners to reacquire the property from Coley if they desire. To reacquire the property, the former owners would have to pay Dougherty County $11,742 in back taxes and fees, and pay Coley $14,000 — 20 percent of the purchase price. Coley also would be refunded $70,000 by Dougherty County.  The Beef O’Brady’s corporate Website says that the business, which remained open Tuesday, is co-owned by Bill Farnworth and Brian McKie. Farnsworth, the store operator, could not be reached for comment last night. Citi Small Business Lending and Albany developer Bob Brooks had first and second liens on the property, but opted not to acquire the real estate.S
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  • Published: 1353 days ago on August 5, 2010
  • By:
  • Last Modified: August 3, 2010 @ 7:26 pm
  • Filed Under: Business
 

About the author

Owner / Editor / Writer

Tom Knighton is the publisher of The Albany Journal. In November, 2011, he became the first blogger to take over a newspaper anywhere in the world. In August of 2012, he made the difficult decision to take the Journal out of print circulation and become an online news agency, a first for the Albany area.

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