ATLANTA (October 3, 2013) – Urbana Suwanee Jubilee, LLC has purchased Suwanee Jubilee Shopping Center in Suwanee, Ga. The 73,521-square-foot neighborhood shopping center is anchored by The Fresh Market and additional tenants include Cinco's, After Five by Cinco's, Children's Medicine P.C., Suwanee Pizza Tavern, Artistic Smiles, Parson's Gift Shop, Carol Guest Interiors and Face Salon. Suwanee Jubilee was constructed in 2006 and is located at 1500 Peachtree Industrial; which is just south of the intersection of McGinnis Ferry Road and Peachtree Industrial Boulevard in Suwanee, Ga. Suwanee is roughly 32-miles northwest of Atlanta.
“Suwanee Jubilee is a high-quality suburban Atlanta shopping center with an excellent grocery anchor component in Fresh Market and recognizable upside,” said Kyle Stonis, senior vice president in the SRS Atlanta office.
Allan Gutierrez, CEO of Urbana Holdings added, “This was a great chance for us to acquire a core-quality asset but still with a rare opportunity to add additional value to the project through our tenant relationships and management ability.”
Kyle Stonis and Pierce Mayson in the SRS Atlanta office represented the buyer, Urbana Suwanee Jubilee, LLC, in the transaction. The seller and selling price of the property was undisclosed.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. 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.