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Atlanta & Southeast  + Atlanta Metro  + Retail  | 
CONNOLLY and Coro Realty Advisors have acquired Sandy Springs Gateway shopping center in Sandy Springs, GA, for $40.5 million

CONNOLLY, Coro Realty Acquire $41M Sprouts-Anchored Retail Center in Sandy Springs

Atlanta-based CONNOLLY and Coro Realty Advisors have acquired Sandy Springs Gateway, a 121,370-square-foot, grocery-anchored shopping center in Sandy Springs, GA, for $40.5 million. The property was purchased from Core Property Capital and is CONNOLLY’s second acquisition in eight months.

The deal was brokered by Conor Lalor and Eric Zimmerman of Eastdil Secured. Financing was provided by Credit Union Business Services and Georgia’s Own Credit Union and arranged by Walker & Dunlop. Coro Realty will manage the property and LaVista Associates, Inc., will lease the retail space.

The live-work-play mixed-use development on Roswell Road includes 28,000 square feet of second-story boutique office space. The Collection and The Gateway Chastain multifamilies are adjacent.

The center is 82% leased with tenants that include Sprouts Farmers Market, Snooze A.M. Eatery, Taka Sushi and Passion, Big B’s Fish Joint, Tupelo Honey Café, Corks & Caps, The Whole Dog Market, Chipotle, Kale Me Crazy and Buttermilk Sky Pie Shop.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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