The Shops at Butler Crossing in Kennesaw, Georgia, sold for $13.85 million. JLL Capital Markets facilitated the sale of the shopping center, which features a mix of regional and national retailers. Located in Kennesaw, one of Metro Atlanta’s fastest-growing suburbs, the area has seen nearly 1,000 new homes delivered since 2020.
Highlights
- The Shops at Butler in Georgia sold for $13.85 million, facilitated by JLL Capital Markets.
- The shopping center is 94% occupied with tenants that are a mix of regional and national brands.
- It is in one of the fastest-growing suburbs within Metro Atlanta.
Strategically Positioned Georgia Shopping Center Sold for $13.85 Million
On August 11, 2025, JLL Capital Markets announced the sale of The Shops at Butler Crossing. The sale of the 56,934-square-foot shopping center has been finalized at $13.85 million.
The 56,934-square-foot shopping center sits at 3139, 3161, and 3221 Cobb Parkway NW in Kennesaw, one of Metro Atlanta’s fastest-growing suburbs. This center benefits from the excellent visibility along Cobb Parkway.
The area boasts affluent demographics, with an average household income of $141,005 within three miles, supporting strong retail demand.
Currently 94% leased, the center’s mix of regional and national tenants delivers stable income and opportunities for rent growth through upcoming lease renewals. Key tenants include Planet Fitness, Advance Auto Parts, Buffalo’s American Grille, and Dunkin.
The surrounding neighborhood has experienced rapid residential growth, with nearly 1,000 new homes built since 2020. This growth supports strong demand for retail space in the area.
JLL Capital Markets Assisted in the Sale
JLL Capital Markets leverages local market expertise and global investor connections to facilitate real estate transactions. The Fortune 500 company is a recognized leader in commercial real estate investment and advisory services.
Now, JLL Capital Markets has facilitated the sale of The Shops at Butler Crossing on behalf of Ziff Real Estate Partners. The seller is a vertically integrated owner and operator of neighborhood retail and other properties.
The shopping center is sold to Phillips Edison & Company for $13.85 million. They are one of the nation’s largest owners and operators of high-quality, grocery-anchored shopping centers. With a national footprint of well-occupied shopping centers, featuring a mix of national and regional retailers, this property aligns with their strategy perfectly.
Given the area’s rapid growth, the property presents a strong investment opportunity, supported by stable tenancy and market fundamentals.
