JLL closes sale of Publix-anchored retail center near Atlanta
ATLANTA, March 5, 2020 – JLL Capital Markets announced today that it has closed the sale of Trowbridge Crossing, a fully leased, Publix-anchored shopping center in Sandy Springs, Georgia, one of the densest and most affluent submarkets in the Atlanta MSA.
JLL marketed the property on behalf of the seller, BIG Shopping Centers USA, Inc.
Publix has operated at Trowbridge Crossing for more than 20 years and completed an interior renovation of their store in early 2019. The property was 100% occupied at the time of sale and had recently undergone an extensive renovation. Other tenants at the 62,558-square-foot center include USPS, Domino’s Pizza and Great Clips.
The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director Jim Hamilton and Directors Brad Buchanan and Mike Allison.
JLL 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 clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About BIG Shopping Centers USA, Inc.
BIG Shopping Centers USA, Inc. (BIG USA) is a subsidiary of the Israeli parent company BIG Shopping Centers, Ltd. (TASE: BIG) a real estate company publicly traded in the top TASE 125 Index at a market value over $1.6 billion. BIG USA is a full-scale retail shopping center company based in Phoenix, Arizona.
In Israel, BIG Shopping Centers, Ltd. is a fully integrated development, leasing, management, and marketing company known for its “gold standard”. This drive for excellence continues in the United States with a business model that varies from the Israeli parent company. BIG USA portfolio, consisting (after this sale) of 25 centers made up of over seven million square feet, is approximately $1.65 billion in assets wholly owned or owned in JV partnerships (total share $1.05 billion). Its diverse portfolio offers multi-market opportunities for established and new-to-market tenants to implement their expansion plans.