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Sedgh Group, LLC, has purchased Cherokee Corners in Acworth, GA and Concord Village in Smyrna, GA for a combined $29 million.

Sedgh Group Pays $29M for Grocery-Anchored Centers in Acworth, Smyrna

Sedgh Group, LLC, has completed its $29-million acquisition of two Atlanta-area grocery-anchored retail centers: the 144,678-square-foot Cherokee Corners in Acworth, GA and the 185,601-square-foot Concord Village in Smyrna, GA.

Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL represented the seller, an affiliate of Hackney Real Estate Partners.

Both Cherokee Corners and Concord Village are anchored by Food Depot; both grocer locations have recently signed 10-year renewals.

The 100% occupied Cherokee Corners was built in 1984 and renovated in 2016. Other tenants include Woodstock Market, Dolce Furniture and Family Dollar. It sits at intersection of Alabama Road and Bells Ferry Road with visibility to 60,200 vehicles per day.

 The 99% occupied Concord Village was built in 1988 and renovated in 2016. Other tenants include Goodwill, Citi Trends, Mega Furniture Outlet, Dollar General and CSL Plasma. It sits at the intersection of Concord Road and of South Cobb Drive with visibility to 56,300 vehicles per day.


Inside The Story


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.

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