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Alpharetta Retail Center Flips for $19M
Coro Realty Advisors sold North Point Village, a retail center located at 7300 North Point Parkway in Alpharetta, to Mimms Enterprises for $19 million. The sale was brokered by Fred Victor, Executive Vice President of Atlantic Retail.
Spanning 57,219 square feet on 5.16 acres, the property is situated in the North Fulton corporate office markets. It boasts over 14 million square feet of corporate office space, supported by a Fortune 500 employment base and a daytime population exceeding 132,000 employees.
North Point Village features a strong tenant lineup including Talbots, Kohler and Learning Express. North Point Mall, a 1.3 million square foot super-regional shopping center that attracts a significant consumer base, anchors the immediate retail market.
With over 196,000 residents living within a five-mile radius of North Point Village and an average household income exceeding $200,000, the property remains a highly desirable asset in a strong market.
Coro Realty Advisors originally acquired North Point Village in 2016 from its original developer, Wiggins Associates.
- ◦Sale/Acquisition
