Grocery-anchored retail center in Atlanta MSA trades

ATLANTA, Jan. 17, 2024 – JLL Capital Markets announced today that it has closed the sale of Peachtree Crossing, the 80,748-square-foot, grocery-anchored retail center located within the Atlanta MSA in Peachtree City, Georgia.

JLL represented the seller, Harbour Real Estate Partners, and Nuveen Real Estate acquired the asset.

Built in 1978 and renovated in 2011, the property is 100% occupied to an array of notable retailers, such as Peachtree City Eye Center, Bintelli Golf Carts, Heirloom Market, Mina’s Hallmark, Hollywood Feed, Campanile’s Home Inside & Out, Georgia Shrimp Company, W. Daly Salon and one of the top-performing Fresh Market stores in Georgia.

Situated at 100 N. Peachtree Pkwy., Peachtree Crossing is located in the master-planned Peachtree City, which is known for its intricate network of golf cart paths for an alternative mode of transportation, and it is also adjacent to Flat Creek Country Club. The center is located along Highway 54, offering traffic counts of 27,100 vehicles per day, and Hartsfield-Jackson Atlanta International Airport is just 15 miles north of the property. Additionally, within a five-mile radius of the center is a population of approximately 61,039 and an average household income of $137,262.

The JLL Retail Capital Markets team that represented the seller was led by Managing Director Brad Buchanan, Senior Managing Director Jim Hamilton 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 and sales 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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