Commercial Real Estate, Capital, Insurance, Leasing & Management

What Now Atlanta: Publix-Anchored Shopping Center in McDonough Sold

Published By: 

Kelleytown Village, a 66,387-square-foot shopping center in McDonough, has been sold to an undisclosed buyer.

Franklin Street’s Atlanta-based Retail Investment Sales Team of Bryan Belk and John Tennant arranged the transaction on behalf of the seller, Georgia and Alabama-based Venture South Investments, LLC. 

Kelleytown Village, located at 3500 Highway 155 N., was newly constructed in 2022. It features a tenant lineup of Publix, Your Pie, Allure Nails, UPS, 100% Chiropractic, and other service-based retailers.

The shopping center was 96 percent occupied by local and regional tenants at the time of the sale.

“Grocer-anchored assets continue to be the most sought-after investment category in the retail shopping center space due to their stable income streams,” Belk said in a press release. “Publix has continued to be the dominant grocer in the state with the most units and continues to push expansion, to gain market share.”

Read more here from What Now Atlanta.

let's Connect

drop us a line