Shaked Acquisitions has bought Cobb Place, a 335,190-square-foot retail middle in Kennesaw, Ga., for $63.5 million. Wicker Park Capital Administration offered the asset, in a transaction brokered by JLL Capital Markets.
Wicker Park acquired the procuring middle for $53.5 million again in 2019, in response to CommercialEdge knowledge. The property grew to become topic to a $40 million mortgage originated by Goldman Sachs.
Accomplished in 1986, the super-regional procuring middle contains two buildings located on a 31-acre property. The property’s tenants have a mean tenure that exceeds 17 years.
Ashley HomeStore, American Signature Furnishings, DSW, World Market, Passion City, Bassett Furnishings, Natuzzi and BrandsMart anchor the property. Cobb Place additionally includes a numerous combine of shops together with Petland, Korean BBQ, Metro PCs, Weight Watchers and Wing Manufacturing facility, amongst others.
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Positioned at 840 Ernest W. Barrett Parkway, the procuring middle is inside Atlanta’s Marietta – Kennesaw submarket. Cobb Place is located alongside Interstate 75, considered one of Georgia’s busiest corridors, and is the state’s second most visited retail space. It’s close to Kennesaw State College, Cobb County Worldwide Airport and Dobbins Air Power Base.
Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan, Director Andrew Kahn and Analyst Anton Serafini led JLL’s Funding and Gross sales Advisory workforce engaged on behalf of the vendor.
The identical JLL workforce has not too long ago brokered the sale of Northlake Sq., a 82,578-square-foot retail middle in Tucker, Ga. Barnhart Guess offered the ALDI-anchored property to Greenberg Gibbons for $17.3 million.
