Northmarq has completed the sale of Westpark Walk, 73,847-square-foot shopping center located at 400 Commerce Drive in Peachtree City, GA, for $15.2 million. The center is 100% leased to 21 tenants, including several who have been with the property for more than 30 years.

Jeff Enck and Emery Shane of Northmarq, a capital markets resource for commercial real estate investors represented the DC-based seller. An Atlanta-based developer acquired the asset.

 “Despite the rising interest rate environment, we were able to generate multiple offers from across the country and ultimately close with an investment group based in Atlanta,” said Enck. “There was no lack of investor interest in this superb asset.”

The property is situated on 5.41 acres 20 miles southwest of Atlanta and at the corner of Highways 54 and 74. It is and surrounded by several super regional traffic generators such as The Avenue Peachtree City and The Shoppes at Peachtree City.