Jones Lang LaSalle Incorporated : Suburban Atlanta shopping center sells for $37.6M

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ATLANTA, June 10, 2021 –JLL Capital Markets announced today that it has closed the $37.6 million sale of Roswell Market Place, a fully leased, 95,522-square-foot shopping center anchored by Sprouts Farmers Market in the Atlanta-area community of Roswell, Georgia.

JLL represented the seller, Branch Properties, LLC. East Coast Acquisitions acquired the property.

Roswell Market Place is located at 10800 Alpharetta Hwy. in Roswell, one of the highly most sought-after and affluent suburban Atlanta communities. The average household income within a five-mile radius of the property is more than $142,000, and the area is surrounded by explosive residential growth, including 300 new multi-housing units and 298 townhomes less than 0.5 miles from the property.

Completed in 1986 and most recently renovated in 2015 and 2016, the fully leased retail property is anchored by Sprouts Farmer’s Market, one of the fastest-growing retailers in the U.S. It is also home to a diverse, internet-proof tenancy that includes Starbucks, Chipotle, Subway, Hollywood Feed, Another Broken Egg Cafe, Bad Daddy’s Burger Bar and Tin Drum.

The JLL Capital Markets Investment Sales Advisory team that represented the seller was led by Senior Managing Director Jim Hamilton, Senior Director Brad Buchanan and Associate Andrew Kahn. Hamilton and team have a long history with Roswell Market Place, having facilitated its sale to Branch Properties in 2018.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients – whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Disclaimer

Jones Lang LaSalle Inc. published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 13:49:02 UTC.

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