ATLANTA–

HFF marketed the property on behalf of an unidentified investment advisor. Phillips Edison Grocery Center REIT II purchased the asset free and clear of existing debt.

"Hamilton Mill Village was highly sought after by retail investors who were attracted to the property due to the affluent trade area, established Publix store with history of strong performance and impeccable positioning within the submarket," Jim Hamilton, HFF senior managing director, tells GlobeSt.com. HFF senior managing director Richard Reid worked with Hamilton on the retail deal.

Hamilton Mill Village is anchored by Publix, the number two neighborhood grocer in the Atlanta MSA. The retail center is 92% occupied by the likes of Menchie's Frozen Yogurt, Orange Theory Fitness, Subway, Riverside Pizza, Unleashed by Petco, C2 Education, Great Cuts and Pro Nails.

Located at 2463 Hamilton Mill Parkway, the retail property is across the street from the Hamilton Mill master-planned community, a private country club community with a Fred Couples signature golf course. Hamilton Mill Village sits on 11.06 acres in the Suwanee/Buford submarket and is close to Interstate 85.

This Phillips deal was part of a slew of Phillips pick ups at the end of the fourth quarter. The company also grabbed Amherst Marketplace is a 79,945-square-foot grocery store-anchored shopping center in Amherst, Ohio; Sheffield Crossing, a 113,688-square- foot grocery store-anchored shopping center in Sheffield Village, Ohio, and Shoppes at Windmill Place, a 122,176-square-foot-grocery store-anchored shopping center in Batavia, Illinois, a suburb 43 miles west of Chicago.

Want more insight into Atlanta's retail market? Check out my recent column: 2 Big Atlanta Retail Predictions.