JLL closes sale of top-performing Publix center in affluent Atlanta submarket
ATLANTA, April 13, 2020 – JLL Capital Markets announced today that it has closed the sale of Five Forks Corners, an 88,646-square-foot, dominant, Publix-anchored shopping center in an affluent Atlanta-area submarket of Lilburn, Georgia.
JLL marketed the property on behalf of the seller, DLC Management Corporation. Atlanta-based Branch Properties, LLC purchased the asset.
Five Forks Corners is anchored by a top performing Publix that has operated at the property for more than 23 years. The shopping center is 89% occupied to an array of shop tenants, including Pak Mail, Marco’s Pizza, Fitness 19, Mathnasium, Farmers Insurance, Sun City Tanning and Lush Nail Spa. Five Forks Corner is located at the “main and main” intersection of Five Forks Trickum and Killian Hill Roads, which have a combined traffic count of 41,000 vehicles per day.
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 DLC Management Corporation
DLC Management Corporation is one of the nation’s preeminent private retail real estate companies, with expertise in acquisitions, new developments, redevelopments, leasing and management. Headquartered in New York, DLC has regional offices in Atlanta, Buffalo, Chicago, Dallas and Washington, D.C. For additional information about DLC Management Corporation and its portfolio, please visit dlcmgmt.com.
About Branch Properties, LLC
Founded in 1973 and based in Atlanta, Branch Properties, LLC, is a private real estate investment firm whose primary focus is high-quality, grocery-anchored shopping centers located in Georgia, Alabama, Florida, Tennessee, North Carolina and South Carolina. As a vertically integrated real estate operating company, Branch has the in-house expertise to source, negotiate, acquire, develop, re-develop, finance, lease and manage its investments. Over the past four decades, Branch has acquired, developed and managed over $2.5 billion of commercial real estate, accounting for more than 12 million square feet of leasable space.