Transwestern Closes Sale of Retail Adjacent to Mall of Georgia
Transwestern Real Estate Services’ Southeast Investment Sales team has brokered the sale of a 26,400-square-foot retail center at 1995 Mall of Georgia Blvd. in Buford, GA for $3.65 million, or $138 per square foot. Senior managing director Kevin Markwordt and managing director Fred Victor represented the seller, Jack Rabbit Group, LLC, in the disposition to a private investor.
The neighborhood shopping center is adjacent to Simon Property Group’s Mall of Georgia and numerous national retailers, such as Costco, Target, Hobby Lobby and Bed Bath and Beyond. The property benefits from excellent accessibility from Interstate 85 and its position within a dense, affluent residential region., Transwestern says.
“This property presented investors with a win-win opportunity to purchase an attractive, long-established center at an attractive basis in a historically stable submarket,” said Victor. “The Mall of Georgia trade area has reported low single-digit vacancy for the past decade.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).