JLL Arranges Sale of 160K-SF Power Center in Roswell
JLL has brokered the sale of Stonebridge Square, a 160,391-square-foot regional power center anchored by Kohl’s and Michaels in the Atlanta-area community of Roswell. The sales price was not disclosed.
In addition to Kohl’s and Michaels, the 95%-leased Stonebridge Square’s tenant roster also includes Mattress Firm, Redline Athletics, Nail Star, Honor Yoga, Stonebridge Cleaners, Alessio’s Restaurant & Pizzeria and Pho Roswell Restaurant. The center is located on more than 18 acres at 620 W. Crossville Rd.
Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller, an affiliate of Atlanta-based RCG Ventures and a New York City-based joint venture partner. Saglo Development Corp. of Miami acquired the property.
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.