The 31-year-old center is located at 4880 Lower Roswell Rd.,about 15 miles northwest of Downtown Atlanta. The property isshadow anchored by a Kroger supermarket. Lori Schneider, a seniordirector of Marcus & Millichap's National Retail Group, foundthe buyer and negotiated the transaction for Sun Life.
In an unrelated transaction, Marcus & Millichap's NationalMulti Housing Group, has received an exclusive listing to marketthe 181-unit Wilson Mill Townhomes in Villa Rica. The 177,000-sfproperty on 18.7 acres consists of 167 two-bedroom and 14three-bedroom townhomes with average living areas of 850 sf to1,350 sf.
The asking sales price represents $62,983 per unit and $64 persf. The monthly rents are $550 to $800. Elliott Hollander, aninvestment specialist in the firm's Atlanta office, is marketingthe property for a local private investor.
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