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| Royal Lakes Marketplace, Oakwood, GA |
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| Jim Hamilton |
ATLANTA, GA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Royal Lakes Marketplace, a 119,493-square-foot,
Kroger-anchored neighborhood shopping center in the Atlanta suburb of Oakwood,
Georgia.
HFF marketed the property
on behalf of the seller, Madison Retail LLC.
Preferred Apartment Communities, Inc. (NYSE: APTS), through is retail
subsidiary New Market Properties LLC, purchased the asset free and clear of
existing debt.
Situated on approximately
20.7 acres in Oakwood, part of the Atlanta MSA, Royal Lakes Marketplace is
located at the intersection of Winder Highway (SR 53) and Sloan Mill Road
adjacent to the Royal Lakes Golf and Country Club.
Completed in 2008, the
property is anchored by Kroger, which has a strong remaining lease term and is
ranked by the Shelby Report as Atlanta’s No. 1 neighborhood grocer.
Additionally, Royal Lakes Marketplace is less
than 50 miles from downtown Atlanta’s business and cultural offerings due to
the center’s access to Interstates 85 and 985.
The HFF team representing
the seller was led by senior managing directors Jim Hamilton and Richard Reid.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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