{"id":1004741233,"date":"2024-12-19T03:59:51","date_gmt":"2024-12-19T11:59:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004741233"},"modified":"2024-12-19T03:59:53","modified_gmt":"2024-12-19T11:59:53","slug":"greenberg-gibbons-buys-atlanta-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/","title":{"rendered":"Greenberg Gibbons Buys Atlanta Shopping Center"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1812\" height=\"1360\" data-attachment-id=\"1004741234\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/northlake-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg\" data-orig-size=\"1812,1360\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D810&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1690563493&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;35&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.00125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Northlake Square\" data-image-description=\"&lt;p&gt;Northlake Square. Image courtesy of JLL Capital Markets&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Northlake Square. Image courtesy of JLL Capital Markets&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg\" alt=\"exterior shot of the ALDI store at Northlake Square in Tucker, Ga.\" class=\"wp-image-1004741234\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg 1812w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg?resize=1024,769 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg?resize=1536,1153 1536w\" sizes=\"auto, (max-width: 1812px) 100vw, 1812px\" \/><\/a><figcaption class=\"wp-element-caption\">ALDI, Best Buy and Mellow Mushroom anchor Northlake Square. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Greenberg Gibbons has purchased Northlake Square, a 82,578-square-foot retail center in Tucker, Ga., for $17.3 million. Barnhart Guess sold the asset, in a transaction brokered by JLL. Mutual of Omaha Insurance Co. provided a $10.8 million loan for the acquisition, according to CommercialEdge data. <\/p>\n\n\n\n<p>Completed in 1988 at 4135 Lavista Road, Northlake Square encompasses two one-story buildings on some 6 acres. The grocery-anchored retail center has an average tenure of nearly 20 years.<\/p>\n\n\n\n<p>Anchored by ALDI, Best Buy and Mellow Mushroom, the property has a diverse mix of retailers such as Great Clips, The Georgia Clinic, Wings 101, Fast Signs, My Beauty Unlimited and Lucky Key, among others. The retail center was 98 percent leased at the time of sale.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/icsc-special-report-whats-ahead-for-retail-investment-development\/\">What\u2019s Ahead for Retail Investment?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located some 13 miles from downtown Atlanta, Northlake Square is near Interstate 285, in an area where the daily traffic count reaches approximately 200,000 vehicles, according to JLL. The shopping center serves more than 300,000 individuals within a 5-mile radius.<\/p>\n\n\n\n<p>JLL Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Director Andrew Kahn led the Capital Markets Investment and Sales Advisory team which worked on behalf of the seller.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strong-investment-across-atlanta-s-retail-market\">Strong investment across Atlanta&#8217;s retail market<\/h2>\n\n\n\n<p>Greater Atlanta&#8217;s retail market saw strong investment activity this year. More than 8 million square feet of retail space changed hands in the metro for approximately $1.55 billion, according to CommercialEdge data.<\/p>\n\n\n\n<p>The largest deal closed in February, when 5Rivers CRE acquired Fayette Pavilion, Georgia&#8217;s largest open-air retail center, for $134 million. Nuveen Real Estate sold the 1.1 million-square-foot asset.<\/p>\n\n\n\n<p>In June, Big V Property Group and Equity Street Capital purchased <a href=\"https:\/\/www.commercialsearch.com\/news\/big-v-property-group-jv-buys-atlanta-area-shopping-center\/\">Johns Creek Town Center<\/a>, a 303,297-square-foot community shopping center in Suwanee, Ga., from SITE Centers. The transaction marked Big V\u2019s fifth and its largest acquisition in the state.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL brokered the sale of the ALDI-anchored property.<\/p>\n","protected":false},"author":3014,"featured_media":1004741234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21783,21742,21749,32781],"tags":[35599,32796,51734],"class_list":["post-1004741233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-investment","category-latest","category-retail","category-southeast","tag-greenberg-gibbons","tag-jll","tag-mutual-of-omaha"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Greenberg Gibbons Buys Atlanta Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Greenberg Gibbons has purchased Northlake Square in Tucker, Ga., for $17.3 million. Barnhart Guess sold the asset.\" \/>\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\/greenberg-gibbons-buys-atlanta-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenberg Gibbons Buys Atlanta Shopping Center\" \/>\n<meta property=\"og:description\" content=\"Greenberg Gibbons has purchased Northlake Square in Tucker, Ga., for $17.3 million. Barnhart Guess sold the asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/\" \/>\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=\"2024-12-19T11:59:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-19T11:59:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1812\" \/>\n\t<meta property=\"og:image:height\" content=\"1360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\/greenberg-gibbons-buys-atlanta-shopping-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/\",\"name\":\"Greenberg Gibbons Buys Atlanta Shopping Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg\",\"datePublished\":\"2024-12-19T11:59:51+00:00\",\"dateModified\":\"2024-12-19T11:59:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Greenberg Gibbons has purchased Northlake Square in Tucker, Ga., for $17.3 million. Barnhart Guess sold the asset.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg\",\"width\":1812,\"height\":1360,\"caption\":\"Northlake Square. Image courtesy of JLL Capital Markets\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Greenberg Gibbons Buys Atlanta Shopping Center\"}]},{\"@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\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Greenberg Gibbons Buys Atlanta Shopping Center - Commercial Property Executive","description":"Greenberg Gibbons has purchased Northlake Square in Tucker, Ga., for $17.3 million. Barnhart Guess sold the asset.","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\/greenberg-gibbons-buys-atlanta-shopping-center\/","og_locale":"en_US","og_type":"article","og_title":"Greenberg Gibbons Buys Atlanta Shopping Center","og_description":"Greenberg Gibbons has purchased Northlake Square in Tucker, Ga., for $17.3 million. Barnhart Guess sold the asset.","og_url":"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-12-19T11:59:51+00:00","article_modified_time":"2024-12-19T11:59:53+00:00","og_image":[{"width":1812,"height":1360,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","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\/greenberg-gibbons-buys-atlanta-shopping-center\/","url":"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/","name":"Greenberg Gibbons Buys Atlanta Shopping Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg","datePublished":"2024-12-19T11:59:51+00:00","dateModified":"2024-12-19T11:59:53+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"Greenberg Gibbons has purchased Northlake Square in Tucker, Ga., for $17.3 million. Barnhart Guess sold the asset.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg","width":1812,"height":1360,"caption":"Northlake Square. Image courtesy of JLL Capital Markets"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/greenberg-gibbons-buys-atlanta-shopping-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Greenberg Gibbons Buys Atlanta Shopping Center"}]},{"@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\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Northlake-Square-e1734527921997.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004741233","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\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004741233"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004741233\/revisions"}],"predecessor-version":[{"id":1004741473,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004741233\/revisions\/1004741473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004741234"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004741233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004741233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004741233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}