ATLANTA (July 8, 2015) – SRS’ Southeast Investment Sales team has brokered the sale of Beaver Ruin Village I & II in Lilburn, Ga. Beaver Ruin Village is a 74,038-square-foot community center shadow-anchored by Kroger. The property is located at 4145-4153 Lawrenceville Highway, which is situated at the northeast corner of the intersection of Beaver Ruin Road and Lawrenceville Highway. Beaver Ruin Village II is located south of Beaver Ruin Village at 4140 – 4150 Lawrenceville Highway and consists of 34,925-square-feet. The two retail centers were sold for $16.725 million. The seller, Connolly Beaver Ruin, LLC, a CONNOLLY company, sold the property to WHLR-Beaver Ruin Village, LLC on July 1, 2015.
“Beaver Ruin Village I & II serve as the market-leading shopping destinations in this sub-market. Having never before been on the market, they represented a rare occasion for the investment community to purchase proven, high quality grocery-anchored retail in Atlanta for the first time,” said Kyle Stonis, senior vice president in SRS Real Estate Partners’ Atlanta office. Stonis concluded, “Congratulations to our Buyers for recognizing the opportunity before them and acquiring two very solid assets which are excellent fits for their portfolio.”
CONNOLLY, managed by J.R. Connolly, developed Beaver Ruin Village I & II in 1975 and successfully renovated and improved both projects multiple times in the last 40 years to maintain and enhance their dominant positions.
Kyle Stonis, senior vice president, and Pierce Mayson, vice president, in the SRS Atlanta office represented the seller, Connolly Beaver Ruin, LLC, in the transaction. The buyer, WHLR-Beaver Ruin Village, LLC, represented themselves 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 srsre.com.
About CONNOLLY
CONNOLLY, a premier real estate developer and investor in the Southeast, provides a focused, full-service approach to its developments and investments, ensuring the complete, quality execution of projects for merchants, restaurants, offices and residences. The company has led numerous retail development projects featuring national brands such as Kroger, Publix, McDonald’s and Walgreens among others. As a trusted developer and proven investor for more than forty years, the Atlanta-based team leverages experience in leasing, acquisitions, project design and development management, property and asset management and brokerage services. For more information or to learn about CONNOLLY’s current projects—including Parkview on Peachtree, the Southeast’s new model for mixed-use design—visit www.connollyrealty.com.
###