(Crystal Proenza is associate editor of Real EstateFlorida.)

BUFORD, GA-Halpern Enterprises, one of the largest retail developers in metro Atlanta, has sold Mill Creek Crossing, a 50,785-sf shopping center for $7.7 million, or $152 per sf. The buyer, Mill Creek Crossing LLC, is backed by a private investor based in Georgia who plans to hold and stabilize the asset.

The property is 25 miles northeast of Downtown Atlanta and is anchored by both Wal-Mart Supercenter and Lowe’s. The 18-tenant property is 88% occupied, half of which are national credit tenants, including Dollar Tree, GameStop, Sylvan Learning Center and Weight Watchers. Rents range between $14 and $16 per sf within the property, with potential for rental upside.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.