Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing a 335,190-square-foot retail center in Kennesaw that is known as the premier retail destination in northwest Georgia. Cobb Place is in the Atlanta MSA, which is the fourth fastest-growing MSA in the country and features multiple anchor drawing power with American Signature Furniture, Ashley Furniture, DSW, Bed Bath & Beyond, Hobbytown USA, Cost Plus World Market and Bassett Furniture. The shopping center benefits from robust tenant sales performance, value creation potential, exceptional multi-family and housing development in the trade area in addition to strong property fundamentals.
Situated on 30.9 acres at 840 Ernest W. Barrett Parkway, Cobb Place is uniquely positioned less than one mile from the Interstate 75 and 575 interchange, which sees traffic counts exceeding 300,000 vehicles per day. Recently, 30 miles of new express lanes were added along I-75 and I-575, which help make it the most traveled corridor in Georgia. More than 56,400 residents earning an average annual household income of $87,299 live within a three-mile radius of the property. Additionally, Kennesaw State University is less than two miles north of the property, which is home to more than 35,000 students, making it the third largest university in Georgia with an estimated $1.5 billion economic impact.
For more information on this commercial property for sale in the Atlanta area or other available retail properties in the southeast, please contact Jim Hamilton, Brad Buchanan, Mike Allison, in HFF’s Atlanta office. Click here for our real estate investment sales search page.