The Ardent Cos. has sold 17th and Northside, a fully leased, core, infill, 32,817-square-foot retail property in West Midtown Atlanta, one of the most dynamic and highly sought-after submarkets in the entire Southeast.
Southern California–based Faring purchased the asset for $28.6 million.
“We have long loved Atlanta’s fundamentals and Midtown’s growth story, so we are very excited to add 17th and Northside to our portfolio,” said Faring’s CEO, Jason Illoulian. “We want to have a presence here and are looking to further invest in the area.”
Faring won the $28.6 million deal with an offer at full ask and a short due diligence period, adding to its fast-growing, nationwide net-lease portfolio consisting of healthcare, retail and fast-casual drive-thrus.
17th and Northside is positioned at 1299 Northside Drive NW at the highly trafficked pin corner of 17th Street and Northside Drive, where it is visible to the more than 60,000 vehicles th
