High-performing Publix-anchored retail center in Roswell sells for $39.11M

ATLANTA, Jan. 24, 2022 -JLL Capital Markets announced today that it has closed the $39.11 million sale of King's Market, a 281,064-square-foot retail center anchored by Publix in the popular suburban Atlanta community of Roswell, Georgia.

JLL marketed the property on behalf of the seller, The Mimms Family. Brixmor Property Group purchased the asset.

King's Market is 75-percent occupied and anchored by a high performing anchor tenant line up, including Publix, Frontgate Furniture Outlet, Sky Zone and TK Volleyball. Positioned at 1425 Market Blvd., King's Market benefits from its strategic location on the "going home" side of Holcomb Bridge Road at the signalized intersection where Market Boulevard and Holcomb Bridge Road intersect. Additionally, the center's accessibility is increasing with the GA-400 Express Lane project, which will provide the property with direct connection to GA-400 and its 158,000 daily travelers.

Roswell is ranked as one of the best cities to live in Georgia due to its proximity to Atlanta and strong economy. The center is surrounded by an educated, affluent residential population of 81,791 residents within a three-mile radius earning an average annual household income of $116,844.

The JLL Retail Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Associate Andrew Michols.

"King's Market is a high-performing, grocery-anchored asset with significant value-add potential in one of the most sought-after submarkets throughout the Southeast," Hamilton noted. "Investor interest into the grocery-anchored sector continues to increase, driving record pricing and some of the deepest and most diverse buyer pools that we have seen in years."

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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