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Atlanta & Southeast  + Atlanta  + Retail  | 
Retail center in West Midtown Atlanta, purchased for $29 million by The Ardent Companies and brokered by JLL

The Ardent Companies Divests West Midtown Retail Center for $29M

JLL capital markets has closed the $28.6-million sale of 17th and Northside, a fully leased 32,817-square-foot retail property in West Midtown Atlanta.

The JLL retail capital markets investment sales and advisory team representing the seller, The Ardent Companies, was led by Brad Buchanan, Jim Hamilton and Andrew Kahn. According to JLL, Faring purchased the core infill property after winning the deal with an offer at full ask and a short due-diligence period.

The asset is position at pin corner of 17th Street and Northside Dr., where it is visible to the more than 60,000 vehicles that pass by each day. The property also is located between Westside Provisions, the Interlock and Atlantic Station and near 36,000-student Georgia Tech University.

The property is 100% leased to retailers including Chipotle, Dunkin’ Donuts, McAlister’s Deli, Hollywood Feed and SunTrust. The tenants serve a daytime population of more than 140,000 people.

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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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