Newmark Knight Frank’s Southeast Capital Group Negotiates $3.42 Million Sale of Holcomb Woods Village Retail Center in Roswell, GA

ATLANTA, GA. --- Whitney Knoll (top right photo), Mark Hillis (middle left photo) and Fred Victor of Newmark Knight Frank’s Southeast Capital Group brokered the $3.42 million sale of the Holcomb Woods Village, located at 1570 Holcomb Woods Rd. in Roswell, Ga.

Knoll, a principal who heads the Southeast Capital Markets Group at Newmark Knight Frank, said Hawthorne Retail Partners acquired the retail center from the Bank of New York Mellon Trust Company through special servicer GE Capital Realty Group, Inc.

Knoll, Hillis and Victor represented GE Capital Realty Group in the REO transaction.

The 102,888 square foot neighborhood retail center is 45 percent occupied by tenants including Joseph & Friends and Tuscany Fine Furnishings, Knoll said.

“This transaction exemplifies the investment community’s continued attraction to REO foreclosure listings,” Knoll said.

“There was very high interest in the property, and the performance of Hawthorne Retail Partners in the transaction was exemplary,” Knoll said.

For more information about this press release, contact:

C. Whitney Knoll, Principal/Managing Director of Southeast Capital Markets Group, Newmark Knight Frank, 201 17th Street, Suite 900, Atlanta, GA 30363; wknoll@newmarkkf.com; 404-926-1139

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.