March 10, 2017
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.
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