"We were pleased with the investment's performance and look forward to continuing to manage the asset for Apollo," Jackson says. He doesn't think Apollo overpaid for the property. "The investment was ideal for Apollo's investment parameters of acquiring stabilized assets, offering solid returns, and it will make an ideal addition to their portfolio."
Jackson Oats Shaw will continue to lease the 45,000-sf retail and 15,000-sf office components at the development which sits between GA 400 and Alpharetta Highway at Holcomb Bridge and Warsaw roads. The stand-alone office building is leased to a local bank. Jackson Oats owns an Atlanta portfolio of properties totaling two million sf.
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