Lower Broadway building sells for $18.5M

200 Broadway is seen at right center in photo

The five-story Lower Broadway building long home to clothing, records and souvenir retailer Cotton-Eyed Joe has been sold for $18.5 million — with the deal the equivalent of almost $1,000 per square foot.

The buyer of the property, located at 200 Broadway, is Atlanta-based The Ardent Cos., which created TAC 200 Broadway LLC for the purchase.