JLL Capital Markets closes on sale of grocery-anchored power center in one of Atlanta’s most desirable submarkets
News release
19 June 2024
Retail center in Atlanta suburb sells
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ATLANTA, June 19, 2024 – JLL Capital Markets announced today that it has closed the sale of Johns Creek Town Center, a 303,297-square-foot grocery-anchored power center in Johns Creek, Georgia, one of Atlanta’s most sought-after submarkets.
JLL represented the seller, and Big V Property Group acquired the asset.
Located at 3630 Peachtree Parkway in Suwannee, Georgia, the retail center is in the heart of one of Atlanta’s top submarkets. The property also benefits from other demand drivers such as being surrounded by prestigious country club communities, top tier school systems, well-maintained local parks and affluent demographics.
Built in 2001, the property rests on a 31.7-acre site and is 99.7% leased with a diverse tenant mix, including Sprouts Farmers Market, HomeGoods, Michaels, Market by Macy’s, Kohl’s, PetSmart, ULTA and more.
The JLL Retail Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Vice President Andrew Kahn.
“Looking ahead, due to the retail sector’s high levels of occupancy and its undersupply of new development, we are confident that current owners and investors are poised to capitalize upon the sector’s strong fundamentals and long-term rent growth,” said Hamilton.
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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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Big V Property Group
Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group is headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.