Shallowford Corners Shopping Center Sold in Atlanta Submarket

HFF announces sale of Publix-anchored shopping center near Atlanta
shallowford corners

March 5, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Shallowford Corners, a 112,427-square-foot, Publix-anchored neighborhood shopping center in the affluent northern Atlanta submarket of Roswell, Georgia.

The HFF team marketed the property on behalf of the seller, LaSalle Investment Management. Publix purchased the asset.

Shallowford Corners is strategically located in one of the most highly sought-after Atlanta submarkets, East Cobb. The property is 99 percent leased and anchored by the Southeast’s most-desired grocer, Publix, which drives persistent traffic to the shopping center and its diversified, internet-proof tenant mix that includes a variety of service-oriented shops, medical/health tenants and restaurants. The nationally and regionally focused tenant line-up representing 82 percent of the property’s leased GLA has a strong operating history exceeding 11.5 years and includes the following notable retailers: Publix, Goodwill, JP Morgan Chase, Workout Anytime, Edward Jones, Banfield Pet Hospital, Great Clips and more. The property was originally constructed in 1986 on 16.1 acres located 20 miles north of downtown Atlanta at the highly traveled intersection of Johnson Ferry Road and Shallowford Road, which has combined traffic counts exceeding 47,000 vehicles per day.

The HFF investment advisory team representing the seller included senior managing director Jim Hamilton, directors Brad Buchanan and Mike Allison and analyst Andrew Kahn.