Stan Johnson Company Announces Sale of Stonebridge Village Shopping Center Near Atlanta, Georgia
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Stonebridge Village, located at 5855 Spout Springs Road in Flowery Branch, Georgia. The 157,002-square-foot power center is anchored by T.J. Maxx, Ross Dress For Less, PetSmart and OfficeMax and was 97 percent leased at the time of sale. Margaret Caldwell and Patrick Kelley of Stan Johnson Company exclusively represented the seller. The asset was acquired for an undisclosed price by Rivercrest Realty Investors LLC, a private investor based in Raleigh, North Carolina.
“Stonebridge Village is a highly sought-after power center with exceptionally performing tenants in a northern suburb of Atlanta near Lake Lanier,” said Margaret Caldwell, Managing Director and Partner in Stan Johnson Company’s Atlanta, Georgia office.
The property was originally built in 2008 and is situated on 24.76 acres at the intersection of Interstate 985 and Spout Springs Road just 30 miles northeast of downtown Atlanta. The center is shadow-anchored by Target, Kohl’s and Home Depot and features a diverse tenant mix of soft and hard goods as well as service retailers, providing synergy and cross-shopping opportunities.
“With the nearest competing center almost ten miles away, Stonebridge Village draws from a massive trade area and has remained well occupied with more than 85 percent of the tenants being first generation,” added Patrick Kelley.
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.