Kroger-anchored retail center in Atlanta MSA sells

ATLANTA, Apr. 15, 2024 - JLL Capital Markets announced today that it has closed the sale of Fountain Oaks, a 160,304-square-foot retail center located within the Atlanta MSA in Sandy Springs, Georgia.

JLL represented the seller, EDENS, and an affiliate of Jamestown LP acquired the asset.

Built in 1988 and renovated in 2003, Fountain Oaks is anchored by a 59,134-square-foot Kroger and Kroger Fuel. Additional tenants include Pure Barre, Fusion Autism Center, Sho Spicy, Luma Dance and Aerobics, Stemtree of Buckhead, Pizza Hut, Moohan Martial Arts, Southern Bistro, Anytime Fitness, Wello Works, Bridge Club of Atlanta, Sola Salon Studios and more.

Situated at 4920 NE Roswell Road, Fountain Oaks is situated in Sandy Springs, one of Atlanta's most affluent and highly sought after neighborhoods. The center offers super-regional access to the greater Atlanta area with its location along Roswell Road, as well as its proximity to Interstate 285 and State Route 400. Visitors are within a short drive of Roswell, Alpharetta, Downtown Sandy Springs, Buckhead, Midtown and Downtown Atlanta. Within a three-mile radius of the center is a household income of approximately $200,368, and within a five-mile radius is a population of around 451,296.

The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan 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 sales and 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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