The transaction marked one of the highest per-sf-prices paid for a retail asset in the metro area this year, area brokers who track shopping center sales, tell GlobeSt.com. Average asking base rents at the center are $20 per sf.

Jamestown, which represents a consortium of Germany-based investors, had owned Buckhead Pavilion for 10 years. The deal with Coro was "a very fast transaction," Joe Montgomery, director of investment sales at locally based Spectrum Realty Advisors, tells GlobeSt.com.

Montgomery negotiated the deal for Coro. Jamestown represented itself. "The competition for this type of property is fierce," Montgomery says. "With its combination of unparalleled location and tenant mix, Buckhead Pavilion offered an outstanding investment opportunity for Coro." The Sports Authority, Ethan Allen and Eatzi's, a high-end carry-out food establishment, anchor Buckhead Pavilion.