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| Sean W. Patrick |
Atlanta, GA – Sean W.
Patrick, CCIM, vice president of investment sales at Ackerman & Co.,
recently brokered the purchase of an 81,829-square-foot shopping center in
Roswell, Ga. for $8,630,000 on behalf of Sterling Organization, a private equity
real estate investment firm headquartered in Palm Beach, Fla.
The 55-percent-occupied neighborhood shopping center is
located at the northwest corner of Holcomb Bridge Road and Holcomb Woods
Parkway in Roswell, just 20 miles north of downtown Atlanta. It is anchored by
Office Depot and shadow anchored by a 102,000-square-foot Home Depot.
“This acquisition represents our second purchase in Roswell
and our third in the Atlanta MSA in the past 10 months,” said Brian Kosoy, Managing Principal, President
and CEO of Sterling Organization.
The off-market property was purchased via the Sterling Value
Add Partners II, LP fund and represented by Sean W. Patrick. The seller, GE
Credit Equities, Inc., was represented by Crossman Company.
For a complete copy
of the company’s news release, please contact:
Fara Wilson
Vice President, Marketing
P: 770.913.3904 C:
678.358.2060 F: 770.913.3965
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