(Crystal Proenza is associate editor of Real EstateFlorida.)

BUFORD, GA-Halpern Enterprises, one of the largest retail developers in metro Atlanta, has sold Mill Creek Crossing, a 50,785-sf shopping center for $7.7 million, or $152 per sf. The buyer, Mill Creek Crossing LLC, is backed by a private investor based in Georgia who plans to hold and stabilize the asset.

The property is 25 miles northeast of Downtown Atlanta and is anchored by both Wal-Mart Supercenter and Lowe's. The 18-tenant property is 88% occupied, half of which are national credit tenants, including Dollar Tree, GameStop, Sylvan Learning Center and Weight Watchers. Rents range between $14 and $16 per sf within the property, with potential for rental upside.

Andy Mitwol of Shane Investment Property Group exclusively represented the seller, Halpern Enterprises, while Drew Fleming of Shane Investment Property Group represented the buyer. This was the buyer's first purchase in the Atlanta market.