ATLANTA—Acworth Crossing and Acworth Avenue Shops, two shopping centers in the northwest Atlanta suburb of Acworth, have changed hands. Acworth Crossing sold for $12.5 million and Acworth Avenue Shops traded for $3.6 million.

Colliers International Southeast Retail Investment Sales Team senior vice president Joseph Montgomery and vice president Tony D'Ambrosio represented the sellers in the transactions. CMBS bondholder sold Acworth Crossing. One of the nation's top 20 shopping center owners, whose identity was not revealed, sold Acworth Avenue Shops.

“With its strong lineup of anchor tenants, Acworth Crossing provides the buyer an excellent opportunity to enhance the property's revenues by achieving full occupancy,” says D'Ambrosio. “Both properties benefit from their high-visibility locations on Cobb Parkway, a busy commercial artery.

Located at 3335 Cobb Parkway NW and built in 2006, Acworth Crossing is a 118,829-square-foot power center. Best Buy, Michaels, PetSmart, and Dollar Tree anchor the retail property. The shopping center is 83% occupied.

Acworth Avenue Shops, located at 3345 Cobb Parkway NW and built in 2001, is a 16,130-square-foot unanchored retail strip center. The shopping outlet is 100% occupied with a mix of national and local tenants.