PRESS RELEASE


PREMIER POWER CENTER IN METRO ATLANTA TRADES

March 10, 2017

PREMIER POWER CENTER IN METRO ATLANTA TRADES
Transwestern Negotiates Disposition of 157,321 SF Asset on Behalf of Seller

​Atlanta – Transwestern’s Southeast Investment Services Group today announces it brokered the disposition of Kedron Village II, a 157,321-square-foot power center in Peachtree City, Georgia, within the Atlanta MSA. Anchored by Bed Bath & Beyond, Ross, Petco and Kirkland’s, the retail center was acquired by Bentall Kennedy’s U.S. core fund. Transwestern Vice President Fred Victor and Managing Director John Bell represented the seller, Highway 74 Holdings LLC, in the transaction.

“Bentall Kennedy, on behalf of its fund, was the natural buyer for this asset based on the value creation associated with combining Kedron Village I, their 93,356 square foot Kroger-anchored center, with Phase II” said Victor. “The offering garnered heavy interest from the investment community based on the combination of market-leading tenants with Atlanta’s most affluent southern suburb.”

Developed in 2006 to institutional-quality standards, Kedron Village is anchored by national credit tenants and is shadow-anchored by Target and Kroger. Kedron Village benefits from solid surrounding demographics, high traffic volume, stability and convenient ingress/egress.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Southeast region, follow @TranswesternSE.


Media Contact:
Kristine Maggio
404.842.6608
kristine.maggio@transwestern.com
twmediarelations@transwestern.com