The acquisition was made at this time because "the property has a strong tenant mix and is located at a prime north Atlanta retail location with a high residual value," Kulwadee Yung, Zapolski + Rudd's acquisition officer, tells GlobeSt.com.

Developed in 1983 and renovated in 2003, the center is anchored by a 41,584-sf Kroger grocery and backed up by a mix of tenants that include Dollar Tree, Mailboxes Etc., Ontray's Catering and Chen's Palace Restaurant. The 20-year-old property is nearly 88% leased. "The renovations included upgrading the store-front facades, signage, landscaping, lighting and parking lot to give new life to this retail center," Yung says.

The average asking rent is $19 per sf. Spectrum Realty Advisors represented the seller and buyer in the transaction.