Atlanta-based real estate investment and management company Jamestown acquired The Shops Buckhead Atlanta, a 356,000-square-foot retail and office portfolio in Atlanta’s Buckhead neighborhood. The sales price was not disclosed.
The property, which was built in 2014, also includes two development parcels totaling 2.7 acres. Notable tenants include the headquarters of Spanx, luxury brand Hermès and Shake Shack. Jamestown is now the third real estate company to own the property, after purchasing it from an institutional joint venture that included Brookfield Residential Properties. A team from JLL represented the seller in the transaction.
With more than 50 luxury retailers, the development was designed to be a hub for high-end shopping in Buckhead. But, foot traffic has been less than predicted since opening. Jamestown has a track record of success in Atlanta, with notable projects such as Westside Provisions District and Ponce City Market. Jamestown also developed Chelsea Market in New York City, which it sold to Google last year for $2.4 billion.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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