East Coast Acquisitions has paid $37.6 million for Roswell Market Place, a fully leased, 95,522-square-foot shopping center anchored by Sprouts Farmers Market in the Atlanta-area community of Roswell, Ga.
Branch Properties was the seller.
Roswell Market Place is located at 10800 Alpharetta Hwy. in Roswell, one of the most sought-after and affluent suburban Atlanta communities. The average household income within a five-mile radius of the property is more than $142,000, and the area is surrounded by explosive residential growth, including 300 new multi-housing units and 298 townhomes less than 0.5 miles from the property.
Completed in 1986 and most recently renovated in 2015 and 2016, the fully leased retail property is anchored by Sprouts Farmer’s Market, one of the fastest-growing retailers in the United States. It is also home to a diverse, internet-proof tenancy that includes Starbucks, Chipotle, Subway, Hollywood Feed, Another Broken Egg Cafe, Bad Daddy’
