Atlantic Station's Shopping District Finds a Buyer

Atlantic Station's retail mini-city has found a new buyer. We just don't know who it is officially yet. Sources tell us North American Properties has its 586k SF trophy retail juggernaut under contract to an undisclosed buyer for a year-end close. This comes just three months after North American Properties put it up for sale, tapping Eastdil Secured to handle the asset sale. North American's Mark Toro, who was a panelist this past week at our 3rd Annual Future of Midtown event, declined to comment about the transaction. And officials with Eastdil did not return calls. North American purchased the retail portion—part of the larger 1.3M SF Atlantic Station project—in 2010 for $78M, and has since rejiggered the tenant lineup and helped boost sales. It's now 91% leased with such tenants at Publix, H&M, LA Fitness and Regal Cinemas.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Sandy Springs Shopping Center Gets Incentives For Major Overhaul: The Atlanta Deal Sheet

Nike Closes 15 Stores Amid Tumultuous Year

The Fast-Food Exec Taking Her Real Estate Talents To The Looksmaxxing Era

EXCLUSIVE: Industrial Outdoor Storage Investor Continues Buying Spree In Metro Atlanta

TJ Maxx Parent Plans To Accelerate Store Openings In 2027

Ashley's Frasers Sets £20B Real Estate Acquisition Target

Food And Beverage Increasingly Becoming Anchor In Mixed-Use Projects

Jackson Far Outraising Bottoms In CRE Donations In Georgia Governor's Race

2 Steakhouses Land New Leases: The Atlanta Deal Sheet

Ken Griffin Strikes $86M Palm Beach Real Estate Deal With Blackstone

Fabletics To Add 25 New U.S. Storefronts

Flex Retail Is 'Hottest Asset' In Triangle Region, Developers Say