Privately-owned real estate company Selig Enterprises has acquired Lenox Marketplace, a 421,000-square-foot retail center in Buckhead. Selig will oversee leasing at the center and will serve as the asset and property manager.

Located at the intersection of Peachtree and Wieuca Road across the street from Phipps Plaza and one block from Lenox Square Mall, Lenox Marketplace spans nearly 10 acres with a mix of retail and dining options. The multi-level retail center is anchored by Publix, Target, Dick’s Sporting Goods and LA Fitness, with additional tenants such as Ethan Allen, Roam and Iron Hill Brewery and Restaurant. The center is also adjacent to Selig’s Buckhead Triangle retail property. With the addition of Lenox Marketplace, Selig’s retail portfolio now spans almost 4 million square feet across the southeast.

“Since my grandfather started the company more than 100 years ago, Selig has been known to make strategic acquisitions and hold properties for the long-term,” said Steve Selig, CEO at Selig Enterprises. “We’re optimistic of the continued improvement of the retail landscape shown through our acquisition of Lenox Marketplace. This property sits in one of the most highly-trafficked retail districts in Buckhead and the broader Southeast and is an ideal addition to our existing portfolio. We welcome the opportunity to enhance this asset in order to attract the right tenants that best serve this community.”