Nuveen Real Estate sold a 216,251-square-foot, single-tenant retail building to a private investor for $24.5 million. The space is leased to a global discount department and grocery store tenant within Fayette Pavilion in the Atlanta-area community of Fayetteville, Georgia.

The investment-grade and industry-leading tenant has occupied the building since 1996 and recently executed an early 10-year renewal, while initiating substantial renovations in 2020 to add a health services component to meet the needs of Fayetteville’s growing population and uptick in customer volume. The store welcomes 2.1 million visitors annually and is part of Fayette Pavilion.

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David Hoffman

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