Sterling Organization Acquires Marketplace At Buckhead Retail Property In Atlanta For $38.5M

West Palm Beach-based Sterling Organization has acquired the Marketplace at Buckhead, a Kroger-anchored shopping center in Atlanta, GA, for $38.5 million. The property spans an impressive 100,000 square feet, resulting in a price per square foot of $385. The transaction demonstrates the strong performance and resilience of grocery-anchored properties in the market.

Summary of transaction details:

• Property Type: Retail
• Sale Price: $38,500,000
• Square Footage: 100,000
• Price per Square Foot: $385
• Address: 3851-3895 Peachtree Rd NE, Atlanta, GA
• Market: Atlanta, GA

Jordan Fried, representing Sterling Organization, successfully secured the property in this noteworthy deal. On the other side of the transaction was Marc Ricks of ShopCore Properties, who represented the seller. The acquisition of the Marketplace at Buckhead exemplifies Sterling Organization's continued growth and investment in the retail sector. The Kroger-anchored shopping center is poised for success in the resilient Atlanta market.