National retail real estate firm Westwood Financial has acquired the Glenridge Springs retail property, expanding its Atlanta portfolio. The acquisition aligns with Westwood Financial’s strategy of investing in bustling, high-income Sunbelt markets like metro Atlanta.
Westwood Financial Expands in Sandy Springs’ High-Income Corridor
Glenridge Springs, which is a live-work-play community, is located at 5610 Glenridge Drive near I-285. It features 168 upscale apartments and 80,000 square feet of office space. The area has steady commercial and residential activity due to the presence of major employers.
Some of these include Go2Foods’ headquarters with about 800 employees and Haverty’s with around 3,000. The location acquired by Westwood Financial provides convenient access to corporate offices, affluent residential areas with average household income over $178,000, and medical centers.
“Glenridge Springs is the kind of live-work-play environment where retailers want to be,” said Lauren Ball, COO of Westwood Financial.
“With residents, major employers, and daily activity all in one place, it offers the convenience and customer flow tenants look for. We are confident that our strong operations will continue to elevate this destination for the community,” Ball said.
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Glenridge Springs has a Strong Tenant Mix and 91% Occupancy
Glenridge Springs hosts a mix of dining and service-oriented tenants, including Qdoba, Firehouse Subs, Blue Moon Pizza, and Sushi Nami. It also has Taziki’s Mediterranean, DaVinci’s Donuts, Venus Nail Lounge, and Beauty Enhanced.
The property is currently 91% leased. It is driven by a steady demand from the nearby residential, office, and medical communities.
“The Atlanta area remains one of the fastest-growing MSAs in the country, and Westwood Financial has carefully assembled our asset portfolio to reflect a focus on best-in-class neighborhood retail,” said KC Bills, CEO at Westwood Financial.
“By deepening our footprint in metro Atlanta with Glenridge Springs, we are further positioning the firm as a retail leader in the Sunbelt region’s most dominant market,” Bills added.
The company expanded its Atlanta presence with the acquisition of Hembree Center in Alpharetta earlier this year. The retail property at 1805 Hembree Rd., which is fully leased, is home to several service-focused tenants.
The company’s expanding Atlanta portfolio underscores its long-term commitment to high-performing, community-focused retail centers.
