ATLANTA—Five Forks Crossing, a 73,910-square-foot, grocery-anchored retail center in Lilburn, GA., has a new owner. SWA Investment sold the shopping center to Kimco Realty Corporation for $10 million.
Fred Victor, vice president with Transwestern's investment services group, represented SWA. Ross Cooper, Kimco's vice president of asset management, acquisitions, and dispositions, represented his firm.
“This deal represents strong institutional investor appetite for solid performing, well located retail properties,” Victor tells GlobeSt.com. “Kroger is one of the most sought after anchors in the market. Investor interest remains very strong for quality grocery-anchored retail centers.”
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