Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street Brokers $13.9 Million Sale of Kroger-Anchored Center in Metro Atlanta

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Franklin Street has arranged the $13.9 million sale of Mountain Crossing, a 93,396-square-foot retail center in Dacula, roughly 25 miles northeast of downtown Atlanta.

Franklin Street has arranged the $13.9 million sale of Mountain Crossing, a 93,396-square-foot retail center in Dacula, roughly 25 miles northeast of downtown Atlanta. John Tennant and Bryan Belk of Franklin Street arranged the transaction on behalf of the buyer, Phillips Edison Grocery Center REIT II Inc., and the seller, Mountain Crossing Associates LLC. Kroger anchors the center, which was 97 percent leased at the time of sale to tenants including Great Clips, The UPS Store, Wells Fargo, a nail salon, cleaners and restaurants.

For full story, visit http://rebusinessonline.com/franklin-street-brokers-13-9m-sale-of-kroger-anchored-center-in-metro-atlanta/

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