The Ardent Companies, LLC, has sold 1010 Midtown, a 44,302-square-foot urban retail center Atlanta’s Midtown area, for $38 million. A JLL team of Brad Buchanan, Jim Hamilton and Andrew Kahn represented the seller; East Coast Acquisitions purchased the asset.

The center comprises the ground level of a 425-unit luxury condominium building that was not included in the sale.

The 2008-constructed property on Peachtree Street is 94% leased to a curated mix of high-performing tenants, including Sugar Factory, RA Sushi Bar, Piedmont Healthcare, Silverlake Ramen, Better Homes and Gardens Real Estate, Panera Brad, Sweathouz, Chipotle and Sage Dental.

1010 Midtown serves a dense customer base that, within a two-mile radius, includes a daytime population of more than 216,773 and a residential base of 109,750, which JLL states is anticipated to grow 12.2 percent by 2026.