Wednesday, June 1, 2016

Bull Realty Brokers $8.4 Million Anchored Retail Center, Stone Walk at Northpoint in Alpharetta, GA

  
Stone Walk at Northpoint, Alpharetta, GA

John Harrison
ATLANTA, GA— Bull Realty brokered the sale of Stone Walk at Northpoint, a 36,105 SF retail development anchored by Guitar Center, Sola Salon and Scottrade, in Alpharetta, GA. The sale closed on May 13, 2016 for $8,350,000.

The retail center is positioned near the Haynes Bridge Road entrance to North Point Mall, a 1 million SF enclosed regional mall. John Harrison and Austen Wiley of Bull Realty were the only brokers involved on the deal.

"The property is well-located on the perimeter of Northpoint Mall and has a strong mix of national and regional credit tenants," said Harrison. At the time of sale, the center was approximately 70% leased.

The buyer was CH Retail Fund, a private equity fund based in Dallas, TX. “The buyer saw enormous upside potential in the property because of the attractive location and future leasing potential,” said Wiley.
The seller was Shops at Stonewalk, LLC.

Bull Realty FL License # CQ1026029

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

Melissa Henry
Communications Manager
Bull Realty, Inc. 
50 Glenlake Pkwy, Suite 600
Atlanta, GA  30328

404-876-1640 x 110

No comments: