October 24, 2019 – JLL announced today that it closed the sale of both Publix at Acworth and Centre at Panola, two grocery-anchored shopping centers in the Atlanta MSA.
JLL marketed the assets on behalf of the seller, a publicly traded REIT. The purchaser was Rothenberg-Rosenfield Inc., which acquired both retail centers as a portfolio.
Publix at Acworth is a 69,628-square-foot neighborhood center anchored by Publix and CVS in Acworth. Developed in 1996, the shopping center is 98% leased to a variety of national in-line shop tenants, including WellStar, Domino’s Pizza, Coast Dental Services, Supercuts, Cricket Wireless and CVS.
Centre at Panola is a 73,075-square-foot neighborhood center anchored by Publix in Lithonia. The shopping center was constructed in 2001 and is currently 100% leased to a variety of national tenants such as Marco’s Pizza, Let’s Talk Therapy, Cricket Wireless and Benchmark Physical Therapy.
The JLL Capital Markets team representing the seller was led by Senior Managing Director Jim Hamilton and Directors Mike Allison and Brad Buchanan.