JLL Capital Markets Monday announced that it has closed the $39.11 million sale of King’s Market, a 281,064 square-foot retail center anchored by Publix in Roswell, at 1425 Market Blvd.
JLL marketed the property on behalf of the seller, The Mimms Family, and Brixmor Property Group purchased the asset. Brixmor’s plans for the center were not disclosed.
King’s Market is 75-percent occupied and anchored by Publix. Other tenants include Frontgate Furniture Outlet, Sky Zone, and TK Volleyball.
The JLL Retail Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan, and Associate Andrew Michols.
“King’s Market is a high-performing, grocery-anchored asset with significant value-add potential in one of the most sought-after submarkets throughout the Southeast,” Hamilton said in a press release. “Investor interest into the grocery-anchored sector continues to increase, driving record pricing and some of the deepest and most diverse buyer pools that we have seen in years.”