Whole Foods Market-anchored retail center in Savannah trades
JLL Capital Markets closed the sale of Victory Station in an affluent “main and main” Savannah location
ATLANTA, March 9, 2021 – JLL Capital Markets announced today that it has closed the sale of Victory Station, a 64,146-square-foot neighborhood retail center anchored by a Whole Foods Market in Savannah, Georgia.
JLL marketed the property on behalf of the seller, Clarion Partners, LLC. Rothenberg-Rosenfield Incorporated purchased the property.
Victory Station is 96 percent leased and features a best-in-class tenancy anchored by Whole Foods, the most sought-after grocery in the market. Situated on 5.4 acres at 1801-1815 E. Victory Dr., the center serves an extended trade area housing Savannah’s affluent island and country club communities with average annual household incomes up to $150,000. Victory Station is strategically positioned at the intersection of two of city’s major arteries and benefits from Savannah having the No. 1 fastest-growing seaport in the nation and being one of the top tourist destinations on the East Coast.
The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director Jim Hamilton and Senior Director 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 sales 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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About JLL
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, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Clarion Partners
Clarion Partners, an SEC-registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 38 years. Headquartered in New York, the firm has offices in major markets throughout the U.S. and Europe. With over $56 billion in total assets under management, Clarion Partners offers a broad range of both equity and debt real estate strategies across the risk/return spectrum to its more than 500 domestic and international institutional investors.
About Rothenberg-Rosenfield Incorporated
Rothenberg-Rosenfield Incorporated is a private real estate firm specializing in the acquisition and ownership of select retail 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 our lenders.