HFF closes sale of Merchant’s Exchange in Marietta, GA

ATLANTA, GA – The Atlanta office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of Merchant’s Exchange,(top left photo)  a 130,013-square-foot retail shopping center in Marietta, Georgia.

The HFF investment sales team was led by senior managing director Whitney Knoll (middle right photo) and director Richard Reid (bottom left photo) who represented the seller, Centro Properties Group. Columbia Properties, Inc. purchased the property free and clear of debt.

Merchant’s Exchange is situated on 11.2 acres at 4400 Roswell Road close to the intersection of Johnson Ferry Road and Roswell Road in the northern Atlanta suburb of Marietta.

Originally completed in 1986 and renovated in 1997, the property is 98.9% leased to tenants including LA Fitness, The Picture Show Movie Theatre and Hancock Fabrics.

“Merchant’s Exchange has an irreplaceable location in the hub of retail activity for East Cobb County,” said Knoll.

Centro Properties Group (“Centro”) is a retail investment organization specializing in the ownership, management and development of retail shopping centers. Centro manages both listed and unlisted retail property and has an extensive portfolio of shopping centers across Australia, New Zealand and the United States. Centro has funds under management of $20.3 billion.

CPI manages, leases, and/or owns more than one million square feet of retail shopping centers ranging in size from 15,000 to over 100,000 square feet in the Atlanta metropolitan area and throughout Georgia.

Contacts:

C. Whitney Knoll, HFF Senior Managing Director, (404) 832-8460, wknoll@hfflp.com
Richard M. Reid, HFF Director, (404) 832-8460, rreid@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com