Update: HFF announced the closing of this sale in October 2018. Please visit our Property Search page for a current listing of available retail properties for sale.
Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is offering qualified investors the opportunity to acquire two adjacent infill Atlanta retail centers on an individual or combined basis. The opportunity comprises The Exchange at Hammond, a 176,376-square-foot, generational Whole Foods-anchored retail center, and Parkside Shops, an infill 158,411-square-foot retail center that presents a value-add / repositioning opportunity. Both centers are in the highly affluent Atlanta submarket of Sandy Springs, which presents high barriers to entry due to the commercial density and lack of available development sites. Together, the assets offer investors the opportunity to assemble 25 contiguous acres in one of the most highly-sought-after submarkets in the Southeast.
The Exchange at Hammond and Parkside Shops are in one of Atlanta’s premier locations near two of the most heavily traveled and connective interstates in Georgia, Interstate 285 and Georgia 400. The properties are positioned at the intersection of Roswell Road and Hammond Drive, the most sought-after intersection in Atlanta with approximately 70,800 vehicles passing the properties per day. The affluent Buckhead community is three miles away, with midtown and downtown Atlanta eight and 10 miles away, respectively. Within three miles of the centers, there are 86,120 residents earning an average annual household income of more than $145,000.
The Exchange at Hammond is situated on 12.6 acres at 5932- 5980 Roswell Road. Completed in 1963 and renovated in 2002, the property is fully leased and home to Whole Foods Market, Marshalls, Office Depot, Petco, Dollar Tree and more.
Parkside Shops comprises four buildings with six points of egress / ingress on 12.8 acres. Completed in 1988, the retail center for sale is 97.7 percent leased to a diversified and Internet-proof tenancy.
The Exchange at Hammond and Parkside Shops present a generational opportunity to acquire 25 contiguous acres in a premier infill Atlanta submarket. For more information on these commercial properties for sale or other available retail properties in the southeast, please contact Jim Hamilton in HFF’s Atlanta office. Click here for our real estate investment sales search page.