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| Shallowford Corners Shopping Center, Roswell, GA |
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that
it has closed the sale of Shallowford Corners, a 112,427-square-foot,
Publix-anchored neighborhood shopping center in the affluent northern Atlanta
submarket of Roswell, Georgia.
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| Jim Hamilton |
The HFF team marketed
the property on behalf of the seller, LaSalle Investment Management. Publix
purchased the asset.
Shallowford Corners is
strategically located in one of the most highly sought-after Atlanta
submarkets, East Cobb.
The property is 99 percent leased and anchored by the
Southeast’s most-desired grocer, Publix, which drives persistent traffic to the
shopping center and its diversified, internet-proof tenant mix that includes a
variety of service-oriented shops, medical/health tenants and
restaurants.
The nationally and regionally focused tenant line-up
representing 82 percent of the property’s leased GLA has a strong operating
history exceeding 11.5 years and includes the following notable retailers:
Publix, Goodwill, JP Morgan Chase, Workout Anytime, Edward Jones, Banfield Pet
Hospital, Great Clips and more.
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| Brad Buchanan |
The property was originally constructed in
1986 on 16.1 acres located 20 miles north of downtown Atlanta at the highly
traveled intersection of Johnson Ferry Road and Shallowford Road, which has
combined traffic counts exceeding 47,000 vehicles per day.
The HFF investment
advisory team representing the seller included senior managing director Jim
Hamilton, directors Brad Buchanan and Mike Allison and analyst Andrew Kahn.
LaSalle Investment
Management, Inc. (together with its global investment advisory affiliates,
“LaSalle”) is one of the world’s leading real estate investment managers.
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| Mike Allison |
LaSalle on a global basis manages approximately $60.5 billion as of Q3 2018 of
private and public equity and private debt investments. LaSalle’s diverse
client base includes public and private pension funds, insurance companies,
governments, corporations, endowments and private individuals from across the
globe.
LaSalle sponsors a complete range of investment vehicles including
separate accounts, open- and closed-end funds, public securities and
entity-level investments.
LaSalle Investment Management, Inc. is a
wholly-owned, operationally independent subsidiary of Jones Lang LaSalle
Incorporated (NYSE: JLL), one of the world’s largest real estate
companies.
CONTACTS:
JIM HAMILTON
GA Lic. #270038
HFF Senior Managing Director
(404) 832-8460
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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