JLL closes sale of two retail centers in the Atlanta MSA
The Publix-anchored centers are in Acworth and Lithonia, Georgia
ATLANTA, October 24, 2019 – JLL announced today that it closed the sale of both Publix at Acworth and Centre at Panola, two grocery-anchored shopping centers in the Atlanta MSA.
JLL marketed the assets on behalf of the seller, a publicly traded REIT. The purchaser was Rothenberg-Rosenfield Inc., which acquired both retail centers as a portfolio.
Publix at Acworth is a 69,628-square-foot neighborhood center anchored by Publix and CVS in Acworth. Developed in 1996, the shopping center is 98% leased to a variety of national in-line shop tenants, including WellStar, Domino’s Pizza, Coast Dental Services, Supercuts, Cricket Wireless and CVS.
Centre at Panola is a 73,075-square-foot neighborhood center anchored by Publix in Lithonia. The shopping center was constructed in 2001 and is currently 100% leased to a variety of national tenants such as Marco’s Pizza, Let’s Talk Therapy, Cricket Wireless and Benchmark Physical Therapy.
The JLL Capital Markets team representing the seller was led by Senior Managing Director Jim Hamilton and Directors Mike Allison and Brad Buchanan.
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. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
Rothenberg-Rosenfield Inc. is a private real estate firm specializing in the acquisition and ownership of select retail, residential and industrial properties as long-term investment vehicles. The firm’s focused and disciplined approach to real estate investment generates value for its investors, ensures swift and successful transactions with its sellers and delivers confidence to its lenders. RRI owns 1.4 million square-feet of commercial property in the Atlanta-area and 2.4 million total in the U.S. Visit rrirealestate.com to learn more.