 |
| Olde Mill Plaza Retail Center, 3101 Roswell Road, Marietta, GA |
ATLANTA, GA – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Olde Mill Plaza, a 105,847-square-foot retail center anchored by a Walmart Neighborhood Market in the Atlanta-area community of Marietta, Georgia.
 |
| Jim Hamilton |
The
HFF team marketed the property on behalf of the seller, BET
Investments. Livingston Properties purchased the asset.
Anchored
by a Walmart Neighborhood Market, the 91-percent-leased Olde Mill Plaza is home
to a mix of restaurant, service and necessity tenants, including Just Fitness
4U, Heartland Dental, Los Acros Mexican Restaurant, European Deli, Le Nails
Spa2 and K&G Tailors.
Olde Mill Plaza is in Marietta about 18.5 miles
north of downtown Atlanta in the affluent East Cobb Retail submarket.
Olde Mill Plaza is situated on 12.41 acres at 3101 Roswell Road at the
intersection of Roswell Road and Old Canton Road, which have a combined traffic
count of more than 70,000 vehicles per day.
 |
| Brad Buchanan |
More than 70,000 residents
earning an average annual income of $133,988 live within a three-mile radius of
the center, and the center has limited grocery competition within a 1.5-mile
radius. The property caters to the area's young families, as well as its
maturing demographic.
The
HFF investment advisory team representing the seller included senior managing
director Jim Hamilton, directors Brad Buchanan and Mike Allison and analyst
Andrew Kahn.
About BET Investments
BET
Investments, a Bruce Toll owned company, owns, manages, develops and leases
retail complexes, apartment buildings and mixed-use projects throughout the
United States. The company’s portfolio has grown to more than five
million square feet of commercial space and 4,000 apartments.
 |
| Michael Allison |
About Livingston Properties
Livingston
Properties owns, develops, redevelops, manages and leases shopping centers, NNN
properties and office buildings throughout Georgia and South Carolina with its
primary focus in the northern suburbs of Atlanta.
Livingston Properties
is a privately held company owned by Bill Livingston based out of Warner
Robins, Georgia.
The company’s current portfolio consists of over one
million square feet focusing primarily on grocery and other big box anchored or
shadow centers.
 |
| Andrew Kahn |
In business for over 35 years, Livingston Properties
welcomes opportunities for other acquisitions within the region.
CONTACTS:
MIKE
ALLISON
GA
Lic. #360267
HFF
Director
(404)
832-8460
JIM
HAMILTON
GA
Lic. #270038
HFF
Senior Managing Director
(404)
832-8460
 |
| Bill Livingston |
BRAD
BUCHANAN
GA
Lic. #351151
HFF
Director
(404)
832-8460
KIMBERLY STEELE
HFF
Digital Content/Public Relations Specialist
(713)
852-3420
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