JLL Capital Markets arranged the sale of the 80,748-square-foot Peachtree Crossing in Peachtree City, Georgia
News release
17 January 2024
Grocery-anchored retail center in Atlanta MSA trades
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ATLANTA, Jan. 17, 2024 – JLL Capital Markets announced today that it has closed the sale of Peachtree Crossing, the 80,748-square-foot, grocery-anchored retail center located within the Atlanta MSA in Peachtree City, Georgia.
JLL represented the seller, Harbour Real Estate Partners, and Nuveen Real Estate acquired the asset.
Built in 1978 and renovated in 2011, the property is 100% occupied to an array of notable retailers, such as Peachtree City Eye Center, Bintelli Golf Carts, Heirloom Market, Mina’s Hallmark, Hollywood Feed, Campanile’s Home Inside & Out, Georgia Shrimp Company, W. Daly Salon and one of the top-performing Fresh Market stores in Georgia.
Situated at 100 N. Peachtree Pkwy., Peachtree Crossing is located in the master-planned Peachtree City, which is known for its intricate network of golf cart paths for an alternative mode of transportation, and it is also adjacent to Flat Creek Country Club. The center is located along Highway 54, offering traffic counts of 27,100 vehicles per day, and Hartsfield-Jackson Atlanta International Airport is just 15 miles north of the property. Additionally, within a five-mile radius of the center is a population of approximately 61,039 and an average household income of $137,262.
The JLL Retail Capital Markets team that represented the seller was led by Managing Director Brad Buchanan, Senior Managing Director Jim Hamilton and Vice President Andrew Michols.
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 106,000 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 Harbour Real Estate Partners
Harbour Real Estate Partners is a real estate investment fund focused on acquiring and developing retail, mixed-use and multi-family properties. Harbour’s strategy includes acquisition of existing value-add properties and ground-up development. For further information, visit: https://www.harbourre.com/.