Hanley Investment Group has arranged the sale of Publix-anchored shopping centre in Atlanta Metro for $24.6M.
Hanley Investment Group Real Estate Advisors, a nationally recognised real estate brokerage and advisory firm specialising in retail property sales, has announced that the firm has arranged the sale of Alpharetta Commons, a 94,500sq ft, 98.7 per cent occupied shopping centre anchored by Publix Super Markets in the Alpharetta/Roswell submarket in the Atlanta metro area. The sale price was $24.6M.
Hanley Investment Group’s President Ed Hanley and Executive Vice President Kevin Fryman, along with ParaSell, Inc., represented the 1031 exchange buyer, a private investor based in Southern California. The seller was an institutional real estate owner, operator and developer of a national portfolio, and was represented by CBRE Executive Vice President Chris Decouflé, Senior Vice President Kevin Hurley and Senior Associate Matt Karempelis.
In addition to Publix, Alpharetta Commons has a variety of service-based and internet-resistant tenants including Sports Clips, T-Mobile, nail salon, dry cleaners, a liquor store and food and beverage outlets.
