Greenberg Gibbons buys 82.5K SF Atlanta Shopping Center for $17.3M ($210psf); JLL brokered the sale of the ALDI-anchored property

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.

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.

Greenberg Gibbons
Tom Falatko | SVP, Retail Acquisitions

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