ATLANTA—Peachtree Station, a 106,372-square-foot, Whole Foods-anchored retail center in Chamblee, GA, has traded hands. The retail asset sold for $68 million, or $630 per square foot.
Fain Hicks of Cushman & Wakefield's Retail Investment Sales Team represented the seller, S.J. Collins Enterprises, in the transaction. Sarofin Realty Advisors, an out-of-state institutional investor acquired the property.
According to CoStar, there is only one other shopping center sale that reported a higher price in the past 12 months. That was PGIM Real Estate's sale of North Point Marketplace to CBRE Global Investors for more than $108 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
