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.