Atlanta, GA – Ackerman
& Co. announced it has arranged the sale of North Point Village Phase I, a 57,219-square-foot retail center in
the Atlanta suburb of Alpharetta, Ga.
 |
| Sean W. Patrick |
The buyer, Coro Northpoint, LLC, purchased the
property in an off-market transaction coordinated by Ackerman & Co. senior
brokers John Speros and Sean W. Patrick,
CCIM. The team represented the seller, Northpoint Village One, LLC.
The asset sold for
$17,195,000. North Point Village Phase I is anchored by Talbots, JoS. A. Bank,
Ann Taylor Lofts, Lane Bryant and Learning Express.
“The trend continues to see
capital chase well located, open air centers with accessible parking that will
provide long term value for investors and operators,” said Senior Vice
President John Speros.
North Point Village Phase
I is located across the street from North Point Mall in the high demand
Northpoint Retail Corridor that boasts nearly 10 million square feet of retail.
“This purchase was a great opportunity for Coro,” said Vice President of
Investment Sales Sean W. Patrick, CCIM.
“The center was built within 200 feet of
Northpoint Parkway, allowing for greater visibility, increasing customer
walkability experience and enabling cross-shopping,” he added.
For a complete copy of the company’s news release,
please contact:
Fara Wilson
Vice President
Director of Marketing and
Communications
P: 770.913.3904 C: 678.358.2060 F: 770.913.3965
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