ATLANTA—Marietta Trade Center, a coveted retail asset on Cobb Parkway that includes a 316,000-square-foot Walmart Supercenter, has traded for $32.8 million. Rothenberg-Rosenfield purchased the property from EDENS.

Josh Rosenfield, director of property acquisitions at Rothenberg-Rosenfield, tells GlobeSt.com the deal was attractive for three key reasons: the Walmart ground lease included in the sale, the adjacent Sam's Club, and the center's daily high-traffic volume. As he sees it, the shopping center caters directly to the surrounding demographics and demonstrates that Internet sales have not hindered the sale of soft goods in physical locations.

“Marietta Trade Center is a highly-trafficked, stable, cash-flowing asset that delivers a return to investors from day one, making it a great addition to our growing Southeast retail portfolio,” says Rosenfield. Marietta Trade Center is 97% leased. There are only four vacant spaces spanning 8,000 square feet.