{"id":1004394152,"date":"2020-02-24T05:51:58","date_gmt":"2020-02-24T13:51:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004394152"},"modified":"2020-02-24T05:51:58","modified_gmt":"2020-02-24T13:51:58","slug":"suburban-atlanta-retail-center-trades-for-75m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/","title":{"rendered":"Suburban Atlanta Retail Center Trades for $75M"},"content":{"rendered":"
\"\"<\/a>

Perimeter Place. Image via Google Street View<\/i><\/p><\/div>\n

Consolidated-Tomoka Land Co. has purchased Perimeter Place, a 269,000-square-foot retail property in Atlanta for $75.4 million. GLL Real Estate Partners sold the asset, according to public records. The new owner financed the acquisition with the remaining $65 million of 1031 like-kind proceeds from the company\u2019s 20-property portfolio sale to Alpine Income Property Trust, which closed in November. Last month, Consolidated-Tomoka also purchased Crossroads Towne Center<\/a> in Chandler, Ariz., for $61.8 million. <\/p>\n

Located at 4500 Olde Perimeter Way on 24 acres, Perimeter Place opened its doors in 2006. The property is nearly 1 mile from Interstate 285 and roughly 16 miles from downtown Atlanta. Several office campuses and apartment communities are within a 2-mile radius of the retail destination.<\/p>\n

At the time of transaction, the center was 80 percent occupied, anchored by Target. The tenant roster also includes Ross Dress for Less, Michaels, Chipotle and Panera. The weighted average lease terms for all tenants is roughly 3.6 years. The company has hired CBRE to take over management responsibilities, while JLL will be in charge of leasing the shopping center. <\/p>\n","protected":false},"excerpt":{"rendered":"

Consolidated-Tomoka funded the acquisition using proceeds from a 20-property disposition which closed last year.<\/p>\n","protected":false},"author":867,"featured_media":1004394164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21783,21742,21749],"tags":[32789,39216,38888,32796],"class_list":["post-1004394152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-investment","category-latest","category-retail","tag-cbre","tag-consolidated-tomoka-land-company","tag-gll-real-estate-partners","tag-jll"],"acf":[],"yoast_head":"\nSuburban Atlanta Retail Center Trades for $75M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburban Atlanta Retail Center Trades for $75M\" \/>\n<meta property=\"og:description\" content=\"Consolidated-Tomoka funded the acquisition using proceeds from a 20-property disposition which closed last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-24T13:51:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/\",\"name\":\"Suburban Atlanta Retail Center Trades for $75M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg\",\"datePublished\":\"2020-02-24T13:51:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg\",\"width\":800,\"height\":620,\"caption\":\"Perimeter Place. Image via Google Street View\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Suburban Atlanta Retail Center Trades for $75M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\",\"name\":\"Pavel Cazacu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"caption\":\"Pavel Cazacu\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Suburban Atlanta Retail Center Trades for $75M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/","og_locale":"en_US","og_type":"article","og_title":"Suburban Atlanta Retail Center Trades for $75M","og_description":"Consolidated-Tomoka funded the acquisition using proceeds from a 20-property disposition which closed last year.","og_url":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-02-24T13:51:58+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg","type":"image\/jpeg"}],"author":"Pavel Cazacu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/","url":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/","name":"Suburban Atlanta Retail Center Trades for $75M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg","datePublished":"2020-02-24T13:51:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg","width":800,"height":620,"caption":"Perimeter Place. Image via Google Street View"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/suburban-atlanta-retail-center-trades-for-75m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Suburban Atlanta Retail Center Trades for $75M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8","name":"Pavel Cazacu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","caption":"Pavel Cazacu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Perimeter-Place.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004394152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/867"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004394152"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004394152\/revisions"}],"predecessor-version":[{"id":1004394197,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004394152\/revisions\/1004394197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004394164"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004394152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004394152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004394152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}