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Whole Foods-Anchored Chamblee Retail Center Trades for $55.4M
Harrison Street Asset Management offloaded a 106,000 Atlanta shopping center for $55.4 illion. Peachtree Station was purchased by TA Realty.
The Whole Foods-anchored center is 100% leased. The lease remains in effect until 2037. Other tenants include Starbucks, Chipotle, Cava, Verizon Wireless and First Watch.
JLL, which helped broker the deal, says the Whole Foods location ranks as the fourth-most-visited store in Georgia and among the top 40% of all Whole Foods locations nationwide by foot traffic, with an estimated 865,000-plus annual visits.
JLL represented Harrison Street in the deal. The JLL Capital Market’s Investment Sales and Advisory team included Jim Hamilton, Brad Buchanan, Andrew Kahn, Andrew Michols, Charlie Merrigan, Anton Serafini and John Perry Hilton.
The property benefits from its proximity to Atlanta’s most prestigious neighborhoods including Brookhaven, Buckhead and Sandy Springs, with strong daytime employment from nearby commercial centers and DeKalb Peachtree Airport, Georgia’s second-busiest airport.
