ATLANTA—A retail and parking portfolio in Midtown Atlanta has traded hands. The sale price: nearly $46 million, or $500 per square foot. Coro Realty acquired the assets from Loudermilk Development.

Skyline Seven Real Estate's Elliott Kyle and Chase Murphy were the exclusive brokers in the sale of five street level retail assets, in addition to parking decks and surface lots, in the heart of the Midtown Mile on Peachtree Street. The portfolio consists of approximately 85,000 square feet, with tenants including BB&T, Starbucks, Fresh2order, Five Guys, Sprint, the only QuikTrip in the country without pumps, and more.

“This is considered irreplaceable retail in a section of Atlanta called the Midtown Mile,” Kyle, vice president of investment sales at Skyline Seven. “There are some 22 projects being developed now in Midtown. This is the hottest part of Atlanta and possibly the Southeast. The majority are mid- and high-rise multifamily towers, mixed with office and condos. This has become the focal point area for live-work, and with many technology companies moving to the area. Think of Michigan Avenue in Chicago, or parts of Manhattan.”