The transaction marked one of the highest per-sf-prices paid fora retail asset in the metro area this year, area brokers who trackshopping center sales, tell GlobeSt.com. Average asking base rentsat the center are $20 per sf.

Jamestown, which represents a consortium of Germany-basedinvestors, had owned Buckhead Pavilion for 10 years. The deal withCoro was "a very fast transaction," Joe Montgomery, director ofinvestment sales at locally based Spectrum Realty Advisors, tellsGlobeSt.com.

Montgomery negotiated the deal for Coro. Jamestown representeditself. "The competition for this type of property is fierce,"Montgomery says. "With its combination of unparalleled location andtenant mix, Buckhead Pavilion offered an outstanding investmentopportunity for Coro." The Sports Authority, Ethan Allen andEatzi's, a high-end carry-out food establishment, anchor BuckheadPavilion.