Skip Ribbon Commands
Skip to main content

News release

Atlanta, GA

Jones Lang LaSalle Brokers Sale of Shannon Square in Atlanta


ATLANTA, Aug. 30 2010 — Jones Lang LaSalle announced today it has closed the sale of Shannon Square on behalf of Developers Diversified Realty Corporation.  RCG Ventures, an Atlanta based investment firm, purchased the 100,002-square-foot shopping center anchored by Citi Trends, Dollar Tree and Farmer’s Home Furniture and shadow anchored by Unclaimed Freight.

Leading the Jones Lang LaSalle retail investment sales team on this transaction were Managing Directors Kris Cooper and Margaret Caldwell along with Associate, Christie Hawver.
“The retail investment sales market in the metro Atlanta area continues to recover as is evidenced by the increasing level of entrepreneurial investor acquisition interest,” commented Cooper.

Shannon Square is located along Jonesboro Road/Highway 138 in Union City, approximately seven miles south of the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport, just south of Atlanta’s CBD.
 
About Jones Lang LaSalle Capital Markets
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 its clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In the last three years, Jones Lang LaSalle Capital Markets completed more than $143 billion transactions globally. The firm’s Capital Markets team comprises approximately 1,500 specialists, operating in 180 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 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 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 approximately $40 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.