Kroger-Anchored Crossroads South Retail Center Sells for $16.2M

Kroger recently executed a long-term renewal with plans to construct and operate a Kroger Fuel Center at the Property.
Kroger-Anchored Retail Center Sells for $16.2M
Photo: Official

JLL Capital Markets this week announced that it has closed the $16.2 million sale of Crossroads South, a 201,404 square-foot, Kroger-anchored retail center, at 7965 Tara Blvd. JLL represented the seller. First National Realty Partners acquired the asset.

Sign up now to get our Daily Breaking News Alerts

  • This field is for validation purposes and should be left unchanged.
Opt out at anytime

Kroger recently executed a long-term renewal with plans to construct and operate a Kroger Fuel Center at the Property.

“Crossroads South is 92 percent leased to a loyal and well-tenured rent roll that includes multiple anchors, including Kroger, Plant Fitness, Badcock Furniture & More and Roses,” according to the announcement. It is also home to inline tenants such as Subway, H&R Block, Shoe Show, and Top Nails.

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Director Jim Hamilton, Senior Director Brad Buchanan, and Associate Taylor Callaway.

“Demand for grocery-anchored investments is the strongest we’ve seen in nearly two decades,” Hamilton said. “We have seen many investors shift their strategy to retail investments, with grocery-anchored being the most highly sought after.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

Caleb J. Spivak

Caleb J. Spivak is the Founder of What Now Media Group, Inc. Check out our publications in your city: Atlanta, Austin, Chicago, Dallas, Denver, Houston, Jacksonville, Las Vegas, Los Angeles, Miami, Nashville, New York, Orlando, Orange County, Philadelphia, Phoenix, San Diego, San Francisco, Seattle and Tampa.

Leave a comment

Your email address will not be published. Required fields are marked *

Related Posts

login

Login to manage your profile and comments

Register

Register now to manage your profile and comments. 
The information provided will only be used to create and manage your comments.