Retail Center Features National Tenants and Redevelopment Potential

 

Roswell, GA — Matthews™, a commercial real estate investment services and technology firm, announced the successful sale of Sandy Plains Village, a 174,175-square-foot community center located at 4651 Sandy Plains Road, Roswell, GA. Matthews™ Senior Vice Presidents Kyle Stonis and Pierce Mayson, and Associate Vice President Boris Shilkrot facilitated the transaction.

 

The property, situated along the heavily trafficked GA-92 corridor in Roswell, GA, comprises two single-story multi-tenant retail buildings and three single-tenant outparcels. Positioned on the high-growth north side of the Atlanta MSA, the center sits within a robust retail corridor anchored by national grocers and institutionally owned assets. It is anchored by the No. 1 Movie Tavern in Georgia and ranks in the top 93% statewide for consumer foot traffic among comparable retail destinations.

 

The center features a nearly 80% national tenant roster, with approximately 15,000 square feet of available shop space offering immediate lease-up potential.

 

Hendon Sandy Plains LLC acquired Sandy Plains Village from DDR Southeast Sandy Plains LLC. The transaction highlights ongoing investor demand for extremely well-located retail assets in dynamic suburban Atlanta submarkets.

 

“We are thrilled to get Sandy Plains Village to the finish line with a strong, Atlanta real estate group with an intimate knowledge of the Property, who recognizes the quality of the real estate and future opportunity at the Property, said Stonis. “The offering generated significant interest from an array of buyer profiles – a testament to the property’s location and fundamentals, which underscore investor demand for well-positioned, opportunistic retail centers in strong markets.”

 

For more information or to contact a Matthews™ specialized agent, please 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.