ATLANTA, April 18, 2023 -JLL Capital Markets announced today that it has closed the sale of the Roswell-Wieuca, a 74,370-sqaure-foot, grocery-anchored shopping center located within the prestigious Buckhead neighborhood of Atlanta, Georgia.
JLL represented the seller, and Nuveen Real Estate acquired the asset.
Roswell-Wieuca Shopping Center was 98-percent-occupied at the time of sale and anchored by the most visited Fresh Market location in the Atlanta MSA. Notable tenants also include Ace Hardware, Gusto!, Chicken Salad Chick and Willy's Mexicana Grill. The property features a weighted average tenure of 14.3 years, and 100% of the tenancy represents a nationally recognized brand.
Situated at 4365 Roswell Rd. at the gateway of Chastain Park, Roswell-Wieuca Shopping Center is located one mile north of the heart of Buckhead, Atlanta's preeminent financial district and one of its most prestigious neighborhoods in the entire MSA. The property benefits from strong traffic counts with 38,120 vehicles passing per day along Roswell Road and extremely impressive demographics with an average household income of over $215K within a one-mile radius.
The JLL team that represented the seller was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Associate Andrew Michols.
"Demand for high-quality retail centers remains exceptionally strong, especially for grocery-anchored opportunities," said Hamilton. "Roswell-Wieuca Shopping Center was one of the most highly sought-after grocery-anchored centers that we've marketed in the past five years due to the infill location, high-income demographics and significant cash flow growth potential."
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 and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Jones Lang LaSalle Inc. published this content on 18 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2023 14:24:12 UTC.
