Stan Johnson Company Announces Off-Market Sale of Windward Square Near Atlanta, Georgia
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Windward Square, a shopping center located at 5215 Windward Parkway in the northern Atlanta, Georgia suburb of Alpharetta. The 11,166-square-foot property was fully leased to six tenants at the time of sale, including Verizon Wireless and Eye Level Learning Center. Stan Johnson Company’s Jeff Enck represented the 1031 exchange buyers, a group of private investors based in Georgia. The seller was Penn Hodge Properties, a local developer, and the asset traded for more than $3.2 million.
“We were able to find an excellent off-market property for our 1031 exchange clients, despite the current lack of available supply,” said Enck, Associate Director in Stan Johnson Company’s Atlanta, Georgia office. “The buyers acquired a six-tenant, low management property in an elite area of Alpharetta.”
Originally constructed in 2003, the well-maintained center is situated on nearly 1.6 acres and features ample surface parking. The property fronts heavily trafficked Windward Parkway and is shadow anchored by Costco. Other neighboring tenants include Home Depot and Walmart.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.