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Sterling Organization Sells Roswell Market Center For $8.63M To Investment Fund

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SOLD
$8,630,000

Georgia

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Retail
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SOLD

Sterling Organization Sells Roswell Market Center For $8.63M To Investment Fund

1580 Holcomb Bridge Road

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Retail
Sold
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Summary

GEORGIA
Asset Type:Retail
Transaction Type:Sale

The retail property located at 1580 Holcomb Bridge Road in Roswell, GA, known as Roswell Market Center, was sold for $8,630,000. The property, managed by Sterling Organization, achieved a remarkable 97% occupancy rate before being acquired by an investment fund under Sterling's management.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $8,630,000
  • Address: 1580 Holcomb Bridge Road
  • Market: Roswell, GA
  • Seller: Brian Kosoy - Sterling Organization
  • Broker: Jim Hamilton - JLL

The sale of Roswell Market Center for $8.63 million was orchestrated by Brian Kosoy, representing Sterling Organization as the seller, and Jim Hamilton from JLL as the broker. This transaction highlights the strategic management employed by Sterling, which led to a significant increase in property occupancy, making it an attractive investment for the acquiring fund managed by Sterling.

Players

Jim Hamilton
JLL
Jim Hamilton
27 deals$1.1B volume
BROKER

Details

SOLD
IMAGE: 06/19/2024 ADDRESS: 1580 Holcomb Bridge Road MARKET: Roswell, GA ASSET TYPE: Retail SELLER: Brian Kosoy - Sterling Organization BROKER: Jim Hamilton - JLL SALE PRICE: $8,630,000 NOTE: Sterling Organization sells Roswell Market Center for $8.63 million. Anchored by major retailers, the property saw occupancy grow to 97% under Sterling's management before the sale to an investment fund managed by Sterling.

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