A grocery-anchored retail center in Snellville has been sold to a Florida-based real estate investment firm.
JLL Capital Markets has announced the sale of Presidential Commons to Sterling Organization. JLL represented the seller, SITE Centers.
Presidential Commons is located about 30 miles northeast of downtown Atlanta in Snellville’s retail corridor. The 264,271-square-foot shopping center is 89 percent leased, featuring a national tenant lineup. Notable anchors include Kroger, Burlington, Ulta Beauty, Petco, Five Below and Aaron’s, along with a Home Depot shadow anchor.
Headquartered in Palm Beach, Florida, Sterling Organization is a vertically integrated private equity real estate investment firm focused on investing in retail real estate assets. The firm and its affiliates own and manage 75 properties across the U.S. with more than 13 million square feet of primarily retail real estate worth over $2 billion in value.
The JLL Investment Sales and Advisory team was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan, Vice President Andrew Michols and Analyst Anton Serafini.
