ROSWELL, GA—Principal Real Estate Investors of Des Moines, IA, has acquired Coleman Village, a 90,958-square-foot, grocery-anchored retail center in this Atlanta suburb.
The transaction was announced by HFF, which closed the $15.8-million sale. The firm marketed the property on behalf of the seller Wharton Realty Group of Eatontown, NJ. HFF officials state that Principal Real Estate Investors purchased the asset free and clear of existing debt. Wharton Realty Group was represented by an HFF team led by Managing Directors Jim Hamilton and Richard Reid.
Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors and manages or sub-advises $52.6 billion in commercial real estate assets.
Coleman Village is located at 1050 Marietta Highway, a main arterial that connects Roswell to Marietta, GA. Completed in 2001, Coleman Village is 96% leased to tenants that include: Kroger, Kauffman Tire, El Porton Mexican Restaurant, Kani House Steak and Sushi, Subway, Starbucks and The UPS Store.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
