ATLANTA—In one of the first retail trades of 2011, Summit Point Shopping Center has a new owner. Concordia Properties sold the 104,572-square-foot Publix-anchored shopping center to Thompson National Properties for an undisclosed amount.
Jones Lang LaSalle managing directors Kris Cooper and Margaret Caldwell led the JLL team on the transaction. Summit Point is located in Fayette County on Georgia Highway 85, approximately 12 miles south of the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport, and just south of Atlanta’s CBD.
Caldwell tells GlobeSt.com the seller is a merchant builder that needs equity for new developments. She sees that as a sign of an improving market that developers are beginning to build new shopping centers.
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