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Atlanta & Southeast  + Atlanta  + Retail  |  August 25, 2021
David Cohen
By: David Cohen

SRS Real Estate Arranges Sale of Kroger-Anchored Shopping Center in Union City

SRS’ Investment Properties Group has arranged the sale of Shannon Crossing, a 101,174-square-foot, grocery-anchored retail center in Union City. The sales price was $19.4 million.

Located at 4550 Jonesboro Road, the center is anchored by Kroger supermarket. In addition, the 97%-occupied center is home to a tenant roster that includes Advance Auto Parts, Chase Bank, T-Mobile, The UPS Store, Papa John’s and J.R. Crickets.

Kyle Stonis and Pierce Mayson of the SRS Atlanta office represented the seller, Forge Real Estate Partners III, in the transaction. The undisclosed buyer was self-represented in the transaction.

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SRS’ Stonis

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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