Monday, April 11, 2016

Ackerman Arranges the Sale of 57,219 Square Feet of Retail to Coro Realty in Alpharetta, GA

Atlanta, GA – Ackerman & Co. announced it has arranged the sale of North Point Village Phase I, a 57,219-square-foot retail center in the Atlanta suburb of Alpharetta, Ga.

Sean W. Patrick
 The buyer, Coro Northpoint, LLC, purchased the property in an off-market transaction coordinated by Ackerman & Co. senior brokers John Speros and Sean W. Patrick, CCIM. The team represented the seller, Northpoint Village One, LLC.

The asset sold for $17,195,000. North Point Village Phase I is anchored by Talbots, JoS. A. Bank, Ann Taylor Lofts, Lane Bryant and Learning Express. 

“The trend continues to see capital chase well located, open air centers with accessible parking that will provide long term value for investors and operators,” said Senior Vice President John Speros.

North Point Village Phase I is located across the street from North Point Mall in the high demand Northpoint Retail Corridor that boasts nearly 10 million square feet of retail. “This purchase was a great opportunity for Coro,” said Vice President of Investment Sales Sean W. Patrick, CCIM.

 “The center was built within 200 feet of Northpoint Parkway, allowing for greater visibility, increasing customer walkability experience and enabling cross-shopping,” he added. 

For a complete copy of the company’s news release, please contact:

Fara Wilson
Vice President
Director of Marketing and Communications

P: 770.913.3904    C: 678.358.2060    F: 770.913.3965

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