Kroger-anchored retail center in Atlanta MSA sells
JLL Capital Markets closed the sale of the 160,304-square-foot Fountain Oaks in Sandy Springs, Georgia within the Atlanta MSA
ATLANTA, Apr. 15, 2024 – JLL Capital Markets announced today that it has closed the sale of Fountain Oaks, a 160,304-square-foot retail center located within the Atlanta MSA in Sandy Springs, Georgia.
JLL represented the seller, EDENS, and an affiliate of Jamestown LP acquired the asset.
Built in 1988 and renovated in 2003, Fountain Oaks is anchored by a 59,134-square-foot Kroger and Kroger Fuel. Additional tenants include Pure Barre, Fusion Autism Center, Sho Spicy, Luma Dance and Aerobics, Stemtree of Buckhead, Pizza Hut, Moohan Martial Arts, Southern Bistro, Anytime Fitness, Wello Works, Bridge Club of Atlanta, Sola Salon Studios and more.
Situated at 4920 NE Roswell Road, Fountain Oaks is situated in Sandy Springs, one of Atlanta’s most affluent and highly sought after neighborhoods. The center offers super-regional access to the greater Atlanta area with its location along Roswell Road, as well as its proximity to Interstate 285 and State Route 400. Visitors are within a short drive of Roswell, Alpharetta, Downtown Sandy Springs, Buckhead, Midtown and Downtown Atlanta. Within a three-mile radius of the center is a household income of approximately $200,368, and within a five-mile radius is a population of around 451,296.
The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Vice President Andrew Michols.
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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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About EDENS
EDENs’ purpose is to enrich community through human engagement. The company owns, develops and stewards a leading real estate portfolio of more than 100 open-air retail and mixed-use places in high-growth markets coast to coast. Through intentional design, thoughtful curation and meaningful engagement, EDENS’ places reach an estimated 15 million people daily. For additional information about the company and its retail real estate portfolio, visit edens.com or follow @WeAreEDENS.
About Jamestown LP
Jamestown is a global, design-focused real estate investment and management firm with a 40-year track record and mission to create places that inspire. Since its founding in 1983, Jamestown has executed transactions totaling approximately $40 billion. As of December 31, 2023, Jamestown has assets under management of $11.6 billion and a portfolio spanning key markets throughout the U.S., Latin America, and Europe. Jamestown employs more than 500 people worldwide with headquarters in Atlanta and Cologne, and offices in Amsterdam, Bogotá, Boston, London, Los Angeles, Madrid, New York, San Francisco, and Washington, D.C. Current and previous projects include One Times Square and Chelsea Market in New York, Industry City in Brooklyn, Ponce City Market in Atlanta, Ghirardelli Square in San Francisco, the Innovation and Design Buildings in Boston and Lisbon, and Groot Handelsgebouw in Rotterdam. For more information, visit www.jamestownlp.com.