ATLANTA-Oglethorpe Crossing, a shopping center just north of Atlanta, has sold for an undisclosed amount. The Publix-Anchored shopping center is also home to a CVS Pharmacy.
Carter’s Retail Investment Sales Group, led by Drew Fleming and Mark Joines, represented the seller, REES 52 LLC of Atlanta. An unnamed Atlanta-based private equity group purchased the 58,000-square-foot property at 3435 Ashford-Dunwoody Road.
“Oglethorpe Crossing is in a dense in-fill affluent area of Atlanta,” Joines tells GlobeSt.com. “It’s a strong performing center.” Oglethorpe Crossing was 98% leased at the time of the sale, which defies the down retail market in Atlanta. Atlanta is posting the highest recorded retail vacancy in Metro Atlanta in almost 10 years.
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