JLL Capital Markets closes $30 million sale of the 81,077-square-foot, Publix-anchored Matt Town Center in Cumming, GA

Jim Hamilton

  ATLANTA, GA – JLL Capital Markets has closed the $30 million sale of Matt Town Center, an 81,077-square-foot retail center located in Atlanta’s fast-growing submarket of Cumming, Georgia.

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.

 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.

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.

 

Andrew Kahn

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

 

 

 

 CONTACT:

 

Jenna Sharp,

 JLL Associate,

 Public Relations

Phone: +1 214 394 3356

 

Email:  Jenna.Sharp@jll.com

 jll.com.

 

 

 

Stonemont Financial Group Breaks Ground On 250,000-Square-Foot Industrial Complex in Ocoee, FL

Avery Dorr

 ORLANDO, FL – Stonemont Financial Group, a private real estate investment firm specializing in industrial development, acquisitions and net lease investments, has broken ground on a seven-building, 259,255-square-foot industrial development in Ocoee, Florida just inside the State Road 429 corridor.

Called 429 Business Center, the complex is expected to be completed by Q4 2024. Stonemont is partnering with SCOA Real Estate Partners in the project.

 

“There is a strong demand for facilities that can accommodate users within a smaller size range, and this project is a testament to Stonemont’s ability to recognize this need and get the job done despite ongoing market headwinds,” said Avery Dorr, vice president at Stonemont.

 “This site is one of the last infill locations available within the immediate area, and Stonemont continues to serve as a solution to ongoing corporate needs for all types of users.

 

429 Business Center will be located on two sites fronting Ocoee Apopka Road, close to the Palm Drive intersection. The west campus will include four buildings ranging from 36,429 square feet to 71,228 square feet, with the east campus encompassing three buildings ranging from 14,282 square feet to 32,418 square feet.

 

The development will offer direct access to State Road 429 and sits just 15-20 miles from Walt Disney World®, providing premium access for users who supply goods to the entertainment destination.

429 Business Centerm a seven-building,
259,255-square-foot industrial development
 in Ocoee, FL, just inside the State Road 429 corridor

JLL Orlando is handling leasing for 429 Business Center on behalf of Stonemont. HGR Construction, Inc. is serving as general contractor on the project.

For more information on Stonemont and its initiatives, click here. 

CONTACT:

 

The Wilbert Group

Raechel Blitchington,

Vice President

www.thewilbertgroup.com

912.432.0858