SRS’ Southeast Investment Sales team exclusively marketed and brokered the sale of Tree Trail Village Shopping Center in Norcross, Georgia. The center is located at 1250 Tech Drive, which is situated on the northwest corner of the intersection of Tech Drive and Singleton Road. Tree Trail Village consists of 99,238 square feet on 13.03 acres of land and is anchored by Food Depot. The seller, Tree Trail Improvements, LLC, sold the property for $8.65 million on April 6, 2017 to East Coast Acquisitions.
“Retail assets of every ilk located within the Atlanta MSA continue to garner plenty of attention,” said Kyle Stonis, senior vice president and market leader for SRS Southeast Investment Sales. “Additionally, our client did a great job back-filling the Publix box with a solid regional grocer which should continue to thrive at Tree Trail Village, helping to maintain the viability of the asset for years to come.”
Kyle Stonis, senior vice president and market leader, and Pierce Mayson, senior vice president, in the SRS Atlanta office represented the seller in the transaction. The buyer did not have representation in this transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit www.srsre.com.