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Sign in Sign up for a FREE subscriptionSITE Centers sells retails center in Atlanta metro and San Antonio
SITE Centers has sold Presidential Commons, a 264,271-square-foot grocery-anchored retail center in Snellville, Ga.
JLL represented the seller in the sale to Sterling Organization.
Located at 1630-1708 Scenic Highway N, Presidential Commons is located approximately 30 miles northeast of downtown Atlanta in Snellville’s retail corridor. The 89 percent leased center features a national tenant lineup with a weighted average tenure in excess of 16 years, and a value-add component, with approximately 30,000 square feet available for lease up. Notable anchors include Kroger, Burlington, Ulta Beauty, Petco, Five Below, and Aaron’s, along with a Home Depot shadow anchor.
SITE Centers has also sold Village at Stone Oak, a 476,371-square-foot retail center in San Antonio.
Sterling Organization acquired this property as well.
The property boasts an 84 percent occupancy rate and features a diverse tenant mix including power, lifestyle, convenience and offi