Invesco Pays $82M for Atlanta-Area Retail Center

July 22, 2025

Retail Atlanta Investment News More Southeast

The property was fully leased at the time of sale.

Exterior shot of Georgia Crossing, a a 317,301-square-foot shopping center in Buford, Ga. — Anchored by TJ Maxx, Home Goods and Target, Georgia Crossing is located in one of the most visited retail corridors in the state. *Image courtesy of JLL*

Invesco Real Estate has acquired Georgia Crossing, a 317,301-square-foot shopping center in Buford, Ga. Washington Prime Group sold the asset for $82.3 million, in a transaction arranged by JLL.

Completed in 1999 at 3205 Woodward Crossing Blvd., Georgia Crossing consists of six one-story buildings across a 30-acre site. The property has TJ Maxx, Home Goods and Target as anchor tenants on a roster that also includes Nordstrom Rack, Best Buy, Hobby Lobby, Staples, Cavender’s, Ulta Beauty, CVS Pharmacy and Starbucks. The retail center was fully leased at the time of sale.

The property is across from the 1.7 million-square-foot Mall of Georgia, the largest shopping center in the state. They are part of one of the most visited retail corridors in Georgia, boasting 21 million annual visits.

Georgia Crossing is just off Buford Drive and Woodward Crossing Boulevard, which are transited by almost 140,000 vehicles daily. Major thoroughfares in the area include interstates 85 and 985, which connect the retail asset to downtown Atlanta, some 35 miles southwest. The shopping center serves a customer base with average household incomes of more than $135,000 per year.

JLL Capital Markets Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Director Andrew Kahn led the Investment Sales and Advisory team that represented the seller in the transaction.

Atlanta’s retail sales slow down

In the first six months of the year, Atlanta’s retail market saw $261 million in investment sales, with 14 properties trading at approximately $150 per square foot, according to Yardi Research Data information. This marks a significant drop from the first two quarters of 2024, which registered a total of $456 million in sales, with 18 properties changing hands at $180 per square foot.

In one of the second quarter’s transactions, CTO Realty Growth purchased a 559,000-square-foot retail center in Newnan, Ga., for $79.8 million. The sale price was $10 million smaller than the one of its previous trade, in 2015.