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Atlanta & Southeast  + Atlanta Metro  + Retail  | 

Rivercrest Realty Snags 157K-SF Flowery Branch Retail Center

Private investor Rivercrest Realty Investors LLC has acquired Stonebridge Village, a 157,002-square-foot retail center in Flowery Branch. The sales price was not disclosed. Margaret Caldwell and Patrick Kelley of Stan Johnson Co. represented the undisclosed seller in the transaction.

Located at 5855 Spout Springs Road, the center is anchored by T.J. Maxx, Ross Dress for Less, PetSmart and OfficeMax and was 97% leased at the time of sale. The property was originally built in 2008 and is situated on more than 24 acres at the intersection of Interstate 985 and Spout Springs Road just 30 miles northeast of downtown Atlanta.

“With the nearest competing center almost ten miles away, Stonebridge Village draws from a massive trade area and has remained well occupied with more than 85 percent of the tenants being first generation,” said Patrick Kelley.


Inside The Story

Stan Johnson’s Kelley

About David Cohen

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.

  • ◦Sale/Acquisition