ATLANTA, GA— Matthews™, a commercial real estate investment services and technology firm, completed the sale of Caliber Point located at 3245 Cobb Parkway Northwest in Acworth, Georgia. Matthews™ Senior Vice President & Senior Director Jared Kaye, Executive Vice President Sonny Molloy, and Associate Bennett Holman represented the seller, a Georgia-based LLC, in the $6,375,000 transaction, which marked the highest sale price for a retail property in Acworth within the last year.

 

The 11,400-square-foot, 100% occupied retail center is positioned along Cobb Parkway, one of Acworth’s primary retail corridors, featuring AT&T, Aspen Dental, and City Nails III. The property benefits from proximity to major national retailers such as Kroger and Lowe’s, supporting consistent traffic and long-term tenant demand.

 

The sale required navigating tenant concentration and near-term rollover, as AT&T and Aspen Dental comprise nearly 80% of the GLA, and both leases expire in 2027. Leveraging the firm’s national platform and targeted marketing process, Matthews™ mitigated investor concerns, including the potential for AT&T to downsize its 5,000-square-foot suite, by generating multiple offers from a broad pool of geographic prospects.

 

Matthews™ sourced the buyer, Curbline Properties, a publicly traded REIT focused exclusively on convenience retail real estate. Supported by a clean due diligence package, the transaction timing aligned with the buyer’s goal of completing its Q4 acquisition allocations, allowing both parties to execute efficiently through closing. The property traded for $550+ per square foot, well above replacement cost, and achieved pricing above the seller’s 2018 basis despite today’s higher interest rates and shorter remaining lease terms.

 

“Demand for well-located convenience retail continues to remain robust,” Kaye said. “Despite some macroeconomic challenges, it was rewarding to help my client come full circle with this investment and exit with a favorable outcome.”

 

For more information, please contact Jared Kaye, Sonny Molloy, and Bennett Holman or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.