Suburban Atlanta retail center anchored by Best Buy sells
JLL Capital Markets completed the $8.7M sale of the fully leased Westbrook Plaza in Gainesville, Georgia
ATLANTA, Dec. 16, 2021 – JLL Capital Markets announced today that it has closed the $8.7 million sale of Westbrook Plaza, a fully leased, 49,364-square-foot retail center anchored by Best Buy in the Atlanta-area community of Gainesville, Georgia.
Constructed in 2006, Westbrook Plaza is home to a diverse and established national tenant lineup that includes Best Buy, Burn Boot Camp, Mattress Firm, WNB Factory, Pazzi’s Pizza, Paris Nails and Pet Pleasers Bakery. The property is located at 668 Dawsonville Hwy., in Gainesville, a northeastern Atlanta suburb. Westbrook Plaza is located less than 1 mile from Lake Lanier, an area demand driver that attracts over millions of visitors and provides an annual economic impact of over $5.5 billion.
The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Director Jim Hamilton, Senior Director Brad Buchanan and Associate Andrew Michols.
“Our team continues to see robust demand for high-quality retail assets throughout the Southeast,” Buchanan said. “Westbrook Plaza received significant interest from the investment community due to the property’s well-tenured rent roll, extended trade area and strategic location directly adjacent to Lake Lanier, one of the Southeast’s largest recreational lakes with over 11 million annual visitors.”
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 sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 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 $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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