Stan Johnson Company Arranges 1031 Exchange Sale of Windy Hill Crossing Shopping Center in Atlanta, Georgia

MT-Benedict

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Windy Hill Crossing located at 2311 Windy Hill Road in Marietta, Georgia. The 32,000-square-foot unanchored center features a mixture of restaurants and service retailers including FedEx Office and Jackson Hewitt. Billy Benedict and Jeff Enck of Stan Johnson Company represented the 1031 exchange buyer, a locally based group of investors. The seller, represented by Kyle Stonis of SRS Real Estate Partners, was an investor group based in nearby Smyrna, Georgia. The property traded for approximately $6.0 million reflecting a 6.47 percent cap rate.

“Windy Hill Crossing is in a very prominent location within Atlanta’s northern suburbs, and there are several major redevelopments in the immediate area,” said Benedict, Associate in Stan Johnson Company’s Alpharetta, Georgia office. “The center has had very stable tenancy over the years, and at the time of sale, there was a new, pending lease that brings the property’s occupancy to over 96 percent.”

The shopping center was built in 1986 and is situated on 3.4 acres at the signalized intersection of Windy Hill Road and Highway 41, Marietta’s main surface thoroughfare.

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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 $45 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.