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Atlanta & Southeast  + Atlanta Metro  + Retail  | 
JLL has closed the $82-million sale of the Conyers Crossroads super-regional retail destination center in Conyers, GA.

Serota Properties Acquires $82M, 100% Leased Power Center in Conyers

JLL has closed the $82-million sale of Conyers Crossroads, a 465,993-square-foot super-regional retail destination center in the Atlanta-area community of Conyers, GA.

Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the seller, a joint venture between Hendon Properties and Harbert Management Corporation. Serota Properties acquired the asset.

“There continues to be a record amount of capital pursuing retail investments due to the yield premium compared to other asset classes, which is a theme that has carried over from 2021,” said Hamilton.

Conyers Crossroads is 100% leased to tenants including Kohl’s, Belk, AMC, T.J.Maxx, Best Buy, HomeGoods, Michaels, Old Navy, Five Below and Shoe Carnival. The property features a high-performing rent roll with many tenants performing at or near the top of their districts’ sales volume. The 47.3-acre Conyers Crossroads was completed in two phases between 2000 and 2005 and boasts a high historical occupancy averaging 97% over the last 10 years.

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JLL's Hamilton

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.

  • ◦Sale/Acquisition
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