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| Jim Hamilton |
JLL represented the seller in this transaction, Retail Planning Corporation and Publix acquired the asset.
The
JLL Retail Capital Markets team that represented the seller was led by Senior
Managing Director Jim Hamilton, Managing Director Brad Buchanan
and Vice President Andrew Kahn.
Matt Town Center is 95% occupied and
anchored by a high-performing Publix. The offering also included ~3.87
acres of undeveloped land adjacent to the center that is currently zoned CBD -
Commercial Business Zoning District, which allows commercial retail and office
by right.
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| Matt Town Center, an 81,077-square-foot retail center located in Atlanta’s fast-growing submarket of Cumming, GA |
Built in 2020, Matt Town Center is located at 5310 Matt Hwy., less than one hour from downtown Atlanta. The center is close to demand drivers, including the mixed-use communities of Avalon, Halcyon and the future Coal Mountain Crossroads, as well as downtown Alpharetta, downtown Roswell, and Lake Lanier.
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| Brad Buchanan |
Additionally, Matt Town Center benefits from a population of almost 200,000 and an average household income of nearly $150,000 within a 10-mile radius.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and
global investor knowledge delivers the best-in-class solutions for clients —
whether investment sales and advisory, debt advisory, equity advisory or a
recapitalization.
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| Andrew Kahn |
For
more news, videos and research resources on JLL, please visit our newsroom.
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CONTACT:
Jenna
Sharp,
JLL Associate,
Public Relations
Phone: +1 214 394 3356
Email: Jenna.Sharp@jll.com
