The East Coast Retail Investment Team at Staubach Capital Markets repped Maxwell Properties and declined to release the cap rate. The center is anchored by a Kroger supermarket and is 97% occupied, according to a Staubach spokesman. He tells GlobeSt.com that the tenant roster includes Blockbuster, Moe's, Ace Hardware, Eckerd, and the US Postal Service. The lease rates range from $12 to $28 per sf, he adds.

"Embry has a long and interesting history and over the years has evolved into quite an attractive asset to investors," says Kevin Hurley, with Staubach Capital Markets, in a statement. He also cites the center's location off I-285 at Chamblee Tucker Road as a factor in the deal. Hurley assisted in the deal with Whitney Knoll, executive vice president at Staubach.

"Since Kroger was built in 2001, its sales have skyrocketed," Knoll adds. "It's a great location."