Stone Walk at Northpoint, Alpharetta, GA |
John Harrison |
ATLANTA, GA— Bull Realty brokered the sale of Stone Walk
at Northpoint, a 36,105 SF retail development anchored by Guitar Center, Sola
Salon and Scottrade, in Alpharetta, GA. The sale closed on May 13, 2016 for
$8,350,000.
The retail center is positioned near the Haynes Bridge
Road entrance to North Point Mall, a 1 million SF enclosed regional mall. John Harrison and Austen Wiley of Bull Realty were the only brokers involved on the
deal.
"The property is well-located on the perimeter of
Northpoint Mall and has a strong mix of national and regional credit
tenants," said Harrison. At the time of sale, the center was approximately
70% leased.
The buyer was CH Retail Fund, a private equity fund based
in Dallas, TX. “The buyer saw enormous upside potential in the property because
of the attractive location and future leasing potential,” said Wiley.
The seller was Shops at Stonewalk, LLC.
Bull Realty FL License # CQ1026029
For a complete
copy of the company’s news release, please contact:
Melissa Henry
Communications Manager
Bull Realty, Inc.
50 Glenlake Pkwy, Suite 600
Atlanta, GA 30328
404-876-1640 x 110
1 comment:
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