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Transactions - APRIL 14, 2020

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DLC sells top-performing Publix center in Atlanta submarket

by Released

DLC Management Corp. has sold Five Forks Corners, an 88,646-square-foot, dominant, Publix-anchored shopping center in the affluent Atlanta-area submarket of Lilburn, Ga.

Atlanta-based Branch Properties purchased the asset. Financial terms were not disclosed.

Five Forks Corners is anchored by a top-performing Publix supermarket that has operated at the property for more than 23 years. The shopping center is 89 percent occupied by an array of shop tenants, including Pak Mail, Marco’s Pizza, Fitness 19, Mathnasium, Farmers Insurance, Sun City Tanning and Lush Nail Spa. Five Forks Corner is located at the “main and main” intersection of Five Forks Trickum and Killian Hill Roads, which have a combined traffic count of 41,000 vehicles per day.

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