CBRE Atlanta has finalized the sale of The Shoppes at Banks Crossing. Craig Taylor, senior vice president within CBRE’s Investment Properties Retail Group, led the sales efforts on behalf of a partnership of Blue Ridge Capital and Halpern Enterprises.
An investor group based in New Jersey, represented by NAI Brannen Goddard, purchased the 163,250-square-foot shopping center, which is anchored by Goody’s.
“With a near-interstate location, The Shoppes at Banks Crossing draws consumers from a wide radius and has led to a strong lease-up” Taylor said. “There is continued leasing potential at this center, with strong tenants such as Aaron’s, The Dollar Tree, Lenox, Hibbett’s Sports, CATO, Coleman and Georgia Theater.”
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide.