Atlanta & Southeast + Southeast + Retail | April 20, 2022

GBT Realty Corporation has purchased the Abercorn Walk retail center in Savannah, GA.

GBT Realty Walks Away with $17M Fresh Market-Anchored Center in Savannah

JLL has closed the $16.9-million sale of Abercorn Walk, a 69,396-square-foot retail center anchored by The Fresh Market in Savannah, GA.

A JLL team of Jim Hamilton, Brad Buchanan and Andrew Michols marketed the property on behalf of the seller. GBT Realty Corporation purchased the asset.

Abercorn Walk’s tenancy includes Ethan Allen, Soma Intimates, White House Black Market, Chicos, Nadeau, Joseph A. Bank, J. Jill, Talbots, StretchLab and Cycle Bar.

Located in the Oglethorpe/Abercorn Retail Corridor, Abercorn Walk is one of the two specialty grocers in the entire submarket and serves 81,040 residents within a three-mile radius.

“Abercorn Walk is a high-performing, grocery-anchored asset with near term value-add potential and a strategic location in the robust Savannah MSA,” said Hamilton. “Strong grocer sales have continued to drive the global pursuit of yield into the grocery-anchored sector, creating some of the deepest and diverse buyer pools we have seen to date.”

Connect

Inside The Story

JLL's Hamilton

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.