ROSWELL, GA—Principal Real Estate Investors of Des Moines, IA, has acquired Coleman Village, a 90,958-square-foot, grocery-anchored retail center in this Atlanta suburb.
The transaction was announced by HFF, which closed the $15.8-million sale. The firm marketed the property on behalf of the seller Wharton Realty Group of Eatontown, NJ. HFF officials state that Principal Real Estate Investors purchased the asset free and clear of existing debt. Wharton Realty Group was represented by an HFF team led by Managing Directors Jim Hamilton and Richard Reid.
Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors and manages or sub-advises $52.6 billion in commercial real estate assets.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
