Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Connolly, Coro Realize Hefty Gain from Sandy Springs Retail Sale
Connolly and Coro Realty Advisors sold Chastain Market for $71 million to Kite Realty Group. The Atlanta Business Chronicle reports the sellers had purchased the 121,000-square-foot center for $40.5 million in 2022.
Trader Joe’s replaced Sprouts after the latter closed in 2023. The companies teamed up on two other projects: Parkview on Peachtree in Chamblee and the Arbor Square shopping center in Douglasville. Core Properties developed the property in 2015.
Kite owns a total of 11 Atlanta-area shopping centers. Chastain Market is the company’s first property inside the Perimeter.
In addition to retail space, Chastain Market also includes some second-floor offices in the buildings closer to Roswell Road. Two luxury apartment complexes, called The Collection and The Gateway Chastain, are situated nearby.
- ◦Sale/Acquisition
