Suburban Atlanta shopping center sells for $37.6M
JLL Capital Markets completed the sale of retail property anchored by Sprouts Farmers Market in Roswell
ATLANTA, June 10, 2021 – JLL Capital Markets announced today that it has closed the $37.6 million sale of Roswell Market Place, a fully leased, 95,522-square-foot shopping center anchored by Sprouts Farmers Market in the Atlanta-area community of Roswell, Georgia.
Roswell Market Place is located at 10800 Alpharetta Hwy. in Roswell, one of the highly most sought-after and affluent suburban Atlanta communities. The average household income within a five-mile radius of the property is more than $142,000, and the area is surrounded by explosive residential growth, including 300 new multi-housing units and 298 townhomes less than 0.5 miles from the property.
Completed in 1986 and most recently renovated in 2015 and 2016, the fully leased retail property is anchored by Sprouts Farmer’s Market, one of the fastest-growing retailers in the U.S. It is also home to a diverse, internet-proof tenancy that includes Starbucks, Chipotle, Subway, Hollywood Feed, Another Broken Egg Cafe, Bad Daddy’s Burger Bar and Tin Drum.
The JLL Capital Markets Investment Sales Advisory team that represented the seller was led by Senior Managing Director Jim Hamilton, Senior Director Brad Buchanan and Associate Andrew Kahn. Hamilton and team have a long history with Roswell Market Place, having facilitated its sale to Branch Properties in 2018.
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.
For more news, videos and research resources on JLL, please visit our newsroom.
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 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Branch Properties, LLC
Founded in 1973 and based in Atlanta, Branch Properties, LLC is a private real estate investment firm primarily focused on the acquisition and development of high-quality, grocery anchored shopping centers located in the southeastern United States. Branch and its affiliated companies have acquired, developed and managed over $2.5 billion of commercial real estate, accounting for more than 12 million square feet of leasable space. Branch’s investment acumen, operating experience, market relationships and access to capital enable it to source and execute attractive risk-adjusted investment opportunities on behalf of its partners. To learn more about Branch, visit branchprop.com.
About East Coast Acquisitions
East Coast Acquisitions (ECA) is a Tampa-based full service real estate investment firm focused on the acquisition of grocery anchored retail centers in core and robust secondary markets. The company, founded in 2015, has acquired and managed over $300 million in retail shopping centers from New York to Florida. For more information, please visit eastcoastacq.com.