Jones Lang LaSalle Incorporated : Kroger-anchored retail center near Atlanta trades for $20.75M

ATLANTA, July 12, 2021 -JLL Capital Markets announced today that it has closed the $20.75 million sale of Coleman Village, a 90,981-square-foot shopping center anchored by Kroger in the suburban Atlanta community of Roswell, Georgia.

JLL represented the seller, Principal Real Estate Investors. The Georgetown Company acquired the property.

Coleman Village was 97 percent occupied and anchored by Kroger, the largest supermarket chain in the country. The remainder of the tenancy was comprised of a durable mix of national and regional service and restaurant tenants, including Starbucks, El Porton Mexican Restaurant, Attitude Fitness, Mavis Tire and more.

Situated on 12.23 acres at 800 Marietta Hwy., Coleman Village is in Roswell, which is considered the most institutionally owned and highly sought-after submarket in the Atlanta MSA. The retail center serves an extremely affluent trade area with over 70,600 residents with in a three-mile radius with an average annual household income of more than $137,971.

The JLL Capital Markets Investment Sales Advisory team that represented the seller was led by Senior Managing Director Jim Hamilton, Senior Director Brad Buchanan and Associate Andrew Michols.

'Coleman Village received strong interest from a wide variety of capital sources ranging from institutions, REIT's, private and foreign investors,' Hamilton said. 'Investors were attracted to the property due to the affluent demographics, high barriers to entry, strong rent collections and recent long-term renewals from several key tenants.'

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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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