Just In: Kroger have announced that JLL Capital Markets closed the sale of $ 20 million for the Coffer-Kroger Crossing in Tucker, Georgia. While the JLL Capital Markets today announced that it has closed the sale of Cofer Crossing for $ 20 million, a 136139-square-foot, fully leased shopping mall sponsored by Kroger and HomeGoods in the Atlanta area community in Tucker, Georgia.
Furthermore, JLL marketed the property on the seller’s behalf, a partnership between SITE Centers Corp. And Madison International Realty. A private buyer based in Ontario, California, bought the original at Stock Exchange 1031. Cover Crossing is anchored in the Kroger Corporation, the dominant Georgia grocery company and the fifth largest retailer in the world. With over 1.1 million visitors a year in the past year, the mall is the number one most visited shopping mall within five miles.
The fully rental property is also home to notable tenants HomeGoods, the Dollar Tree, and a host of national and regional tenants who have performed exceptionally well over the past 12 months. Cofer Crossing is blocking the world’s largest discount retailer, and Kroger recently acquired its former Shell plant at the entrance to Cofer Crossing, which has since been refurbished into a new Kroger fuel center and reflects Kroger’s commitment to the property. Cofer Crossing is located on a 16.51-acre plot at 4367 Lawrenceville Hwy. Close to two of Atlanta’s major travel lanes, providing easy access and steady customer flow to the hub. Tucker is less than 15 miles northeast of Downtown Atlanta, and nearly 85,000 residents live within a three-mile radius of the property.
Whiel, the JL Capital Markets is a global, full-service provider of capital solutions for real estate investors and residents. The company’s in-depth local market and global investor knowledge provide the best solutions for clients – be it investment sales advisory, debt offering, equity underwriting, or recapitalization. The company has more than 3,700 capital market professionals worldwide with offices in nearly 50 countries. What are your thoughts on this? Let us know in the comment section below!