Investment Properties Group sells Tree Trail Village in Norcross, Ga.

Targeting its deep pool of value-add and yield-based buyers, SRS Investment Properties Group saturated the investment community with the opportunity, garnering six offers from qualified buyers and requiring a two stage offering process which narrowed the buyer pool to what was ultimately the best buyer for the asset at the highest possible price.

Deal Strengths

• Grocery-anchored by Food Depot, reporting sales on an upward trend
• Located in Gwinnett County – one of the fastest-growing areas within the Atlanta MSA
• High traffic location includes 52,100 VPD in front of the property and convenient access to Interstate 85

Deal Challenges

• Visibility at the property partially obstructed by un-owned outparcels
• Second generation tenant line-up with Food Depot having back-filled a Publix box

Overview