Tuesday, March 1, 2011

Carter Sells North Atlanta Publix Center

ATLANTA, GA) – Carter, one of the country’s leading commercial real estate service providers, investors and advisors, has brokered the sale of the Oglethorpe Crossing shopping center (top left photo) just north of Atlanta.

Carter’s Retail Investment Sales Group negotiated the sale of the Publix-anchored center at 3435 Ashford-Dunwoody Road on behalf of seller REES 52 LLC of Atlanta.

An Atlanta-based private equity group paid an undisclosed amount for the 58,000-square-foot center.

The shopping center was 98 percent leased at the time of the sale. In addition to Publix, CVS/Pharmacy is a co-anchor tenant.

Carter’s Retail Investment Sales Group, led by Drew Fleming and Mark Joines, noted the strong and continued investor appetite for grocery-anchored centers.

“Investors are desperately seeking well-located grocery anchored shopping centers with credit tenants such as Publix and CVS,” Joines said. “We don’t expect the demand for these types of centers to wane any time soon.”

For additional information on Carter, please visit http://www.carterusa.com/
Contact: Laura Dudebout, (678) 642-4301

No comments: