ATLANTA-Harbour Point Estates Inc. of suburban Alpharetta, GA paid $12.4 million for Chapel Hill Commons, a month-old, 101,000-sf property anchored by a Kroger supermarket. The sellers were developers Trammell Crow Co. and Faison Enterprises.
Harbour Point Estates Inc. of Alpharetta, GA, 25 miles north of the city, paid developers Trammell Crow Co. and Faison Enterprises $12.4 million or $122.77 per sf for the asset. Only recently have developers entered the south side market with retail.
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