Crosspoint Associates Acquires City Center Crossing Retail Center In Sandy Springs For $20.8M

The retail asset located at 6337 Roswell Road in Sandy Springs, GA, was recently acquired for $20.8 million. The property encompasses a total area of 99,000 square feet and was built in 1966. This asset is anchored by US Foods, contributing to its retail functionality. The previous owner, First National Realty Partners, purchased the property in 2021 for $20 million.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,800,000
• Buyer: Crosspoint Associates
• Seller: First National Realty Partners
• Lender: Webster Bank
• Loan Amount: $15,600,000
• Market: Sandy Springs, GA
• Built Year: 1966
• Property Size: 99,000 square feet
• Anchor Tenant: US Foods

The transaction involved Crosspoint Associates, which was financed through a loan from Webster Bank. This acquisition reflects a notable shift in ownership from First National Realty Partners, presenting a strategic movement within the retail market space in the region.