ATLANTA—In a sale that offers yet more proof that well-positioned class A retail centers are as hot as ever Power Ferry Shopping Center just sold for $416 per square foot. The sale price for the Sandy Springs, GA shopping center was $10.905 million.

Mac McCall and John Tennant of Franklin Street Real Estate Services represented the seller, a local partnership who originally developed the property for CVS and the shop space. The buyer was a New York-based 1031 exchange investor who purchased the retail asset that was attracted to the long-term stability of CVS and the surrounding demographics.

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