Skip Ribbon Commands
Skip to main content

News release

Atlanta, GA.

Jones Lang LaSalle Markets Summit Point Shopping Center for Sale in Atlanta

Grocery-anchored retail property offers value-add component and strong location


ATLANTA, June 2, 2011 — Jones Lang LaSalle today announced the firm has been hired to market Summit Point Shopping Center for sale in the Fayetteville submarket of Atlanta, Georgia.  The 104,611-square-foot retail offering is located on a main thoroughfare, approximately 20 miles southwest of Atlanta’s Central Business District.

Leading the Jones Lang LaSalle team on this transaction are Managing Directors Kris Cooper and Margaret Caldwell. 
 
“Summit Point will attract many institutional and private investors given the strong Publix anchor long term lease,” said Caldwell.  “We have not set an asking price but anticipate that it will trade for around $21 million."

Summit Point is located directly off Georgia Highway 85, the main thoroughfare through Fayetteville, and Georgia Highway 92.  The property offers a mix of national, regional and local tenants and is currently 91 percent occupied.

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for our clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $43 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.