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The property, located at the northwest quadrant of Powers Ferry and Terrell Mill Roads, will be located within the new master planned 24-acre Marketplace Terrell Mill development.
The assets do not align with the seller's core plan for the area, so it is effectively the first time they are available to be acquired by someone who can focus on maximizing each individual asset.
The shopping center is anchored by Stater Bros. and CVS Pharmacy. Other tenants at the property include Chuck E. Cheese, Valley Veterinary Clinic, The UPS Store, Pizza Huge and Jack in the Box.
The new service follows the recent addition of Studio, co-working offices, to the Tishman Speyer portfolio. Studio Private will initially be rolled out in New York City with locations to be added later throughout its global portfolio.
Located at 60-70 Spruce Street in Paterson's Great Falls historic district, around 90 filmmakers, photographers, and many other creative professionals call Art Factory Studios home.