Acadia Realty Trust Acquires Retail Center In Atlanta For $62.5 Million From PGIM Real Estate

The Avenue West Cobb is a retail center located at 3625 Dallas Highway in Atlanta, GA. The asset spans 260,000 square feet and has a sale price of $62,500,000, equating to a price per square foot of $240.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $62,500,000
• Buyer: Kenneth F. Bernstein - Acadia Realty Trust
• Seller: Jacques Chappuis - PGIM Real Estate
• Date of Sale: 10/06/2025
• Market: Atlanta, GA
• Square Footage: 260,000
• Price per Square Foot: $240

Acadia Realty Trust purchased the retail center, which is currently 77% leased to tenants including Barnes & Noble and Warby Parker. The property was previously owned by PGIM Real Estate, which acquired it in 2006 for $81.3 million. The listing for this property was handled by CBRE as a value-add opportunity earlier this year.