X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Los Angeles-based SCI Real Estate Investments has acquired three retail properties with a total of 257,500 sf in the Greater Atlanta area. The centers are in Stone Mountain, Lawrenceville and Canton.

The properties acquired include the 102,000-sf Rockbridge Village at 1227 Rockbridge Rd. in Stone Mountain. Built in 2005, tenants in the center include Kroger, Cingular Wireless, H&R Block and Subway. Also acquired was the 147,000-sf Village Shoppes of Sugarloaf at 3370 Sugarloaf Parkway in Lawrenceville. Built in 2003, the center is 94% leased with tenants including Publix, Washington Mutual, Hollywood Video and Fantastic Sams. The 85,000-sf Woodmont Village at 8020 Cumming Way in Canton was acquired. Built in 2002, tenants include Kroger, UPS Store, Allstate Insurance, Subway, Fantastic Sams and H&R Block. The acquisition prices were not released.

SCI was represented by SCI chief acquisitions officer Scott Derrick. CB Richard Ellis represented Maxwell Properties in the disposition of Rockbridge Village and Woodmont Village. Eric Zimmerman, of Eastdil Secured, represented Weingarten Realty in the sale of Village Shoppes of Sugarloaf.

“Neighborhoods within the Atlanta market are growing rapidly,” Derrick says. “This growth is creating an excellent opportunity for investors because the rising population supports the need for these retail centers.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.