{"id":1004403149,"date":"2020-03-26T02:52:41","date_gmt":"2020-03-26T10:52:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004403149"},"modified":"2020-03-26T02:52:41","modified_gmt":"2020-03-26T10:52:41","slug":"stockbridge-pays-20m-for-single-tenant-atlanta-retail-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stockbridge-pays-20m-for-single-tenant-atlanta-retail-assets\/","title":{"rendered":"Stockbridge Pays $20M for Single-Tenant Atlanta Retail Assets"},"content":{"rendered":"
\"\"<\/a>

Target and Taco Bell at North Druid Hills Road. Image courtesy of Transwestern<\/em><\/p><\/div>\n

Stockbridge Capital Group has purchased two single-tenant retail properties in Atlanta for $19.7 million. Transwestern Real Estate Services’ Southeast Investment Services Group secured the deal on behalf of the seller, Scarlett & Associates.<\/p>\n

The 13.9-acre site is located on North Druid Hills Road at Briarcliff Road. Target occupies a 154,000-square-foot property situated at 2400 N. Druid Hills Road NE, while Taco Bell operates a 2,272-square-foot building at 2420 N. Druid Hills Road NE.<\/p>\n

The property provides convenient access to Interstate 85, Emory University, Midtown Atlanta, Decatur and Buckhead. Furthermore, the site is half a mile from two of Atlanta\u2019s largest hospital systems, Emory Healthcare and Children\u2019s Healthcare of Atlanta. More than 140,000 residents earning an average household income of $107,790 live within a 3-mile radius of the property, according to Transwestern data.<\/p>\n

The brokerage team working on behalf of the seller included Vice President Fred Victor and Managing Director Jon Kleinberg. The transaction comes on the heels of a 125,976-square-foot industrial lease<\/a> in Medley, Fla., also brokered by Transwestern Real Estate Services.<\/p>\n","protected":false},"excerpt":{"rendered":"

Working on behalf of the seller, Transwestern negotiated the disposition of the two properties.<\/p>\n","protected":false},"author":1202,"featured_media":1004403167,"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":[35708,38993,34545,33313],"class_list":["post-1004403149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-investment","category-latest","category-retail","tag-stockbridge-capital-group","tag-taco-bell","tag-target-corporation","tag-transwestern"],"acf":[],"yoast_head":"\nStockbridge Pays $20M for Single-Tenant Atlanta Retail Assets - 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\/stockbridge-pays-20m-for-single-tenant-atlanta-retail-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stockbridge Pays $20M for Single-Tenant Atlanta Retail Assets\" \/>\n<meta property=\"og:description\" content=\"Working on behalf of the seller, Transwestern negotiated the disposition of the two properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stockbridge-pays-20m-for-single-tenant-atlanta-retail-assets\/\" \/>\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=\"2020-03-26T10:52:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Target-TacoBell.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1290\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicole Garcia\" \/>\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\/stockbridge-pays-20m-for-single-tenant-atlanta-retail-assets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-pays-20m-for-single-tenant-atlanta-retail-assets\/\",\"name\":\"Stockbridge Pays $20M for Single-Tenant Atlanta Retail Assets - 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