ATLANTA-Mabry Village, a 15,126-square-foot shopping center in Roswell, GA, has traded for $5.3 million. At $350 per square foot, the sale is the second highest PSF retail transaction in Atlanta since 2008, according to DataBank.

The Shopping Center Group represented the seller, a undisclosed development company headquartered in Atlanta. Greg Craft of the Trilogy Group represented the buyer, a private investor in Colorado. Additional terms of the deal were not disclosed.

“Retail properties with good real estate fundamentals, strong tenancy and solid demographics continue to be desirable to savvy investors in Atlanta or any other market,” Dan Earles, investment advisor at the Shopping Center Group, tells GlobeSt.com. “Cap rates on core properties have compressed nearly to where they four years ago. This trend may result in non-core properties with good tenants and solid fundamentals looking desirable to investors.”