June 18, 2018
Atlanta – Transwestern’s Atlanta Investment Services Group today announces it closed the $10.5 million sale of Five Forks Crossing, a Kroger-anchored retail center spanning 73,910 square feet on 6.6 acres at 3050 Five Forks Trickum Road in Lilburn, Georgia. Transwestern Vice President Fred Victor provided disposition services for Kimco Realty Corp. in the sale to South Florida-based Sterling Organization.
Located in a dense, affluent residential market with limited competition, Five Forks Crossing is a dominant shopping center featuring one of the highest-grossing Kroger stores in Georgia with interest in expanding on-site. The property is 100 percent leased to a diverse mix of nationally and locally recognized tenants including The UPS Store, Great Clips, and Coast Dental.
“Five Forks Crossing represents a strategic addition to Sterling Organization’s metro Atlanta portfolio due to the asset’s strong performance and position in the market,” said Victor. “The buyer will enjoy steady cash flow from quality, in-place tenants and benefit from the stability of the long-standing tenancy at the retail center where there has been a waiting list for space for many years.”
At the Five Forks Trickum Road and Oak Road intersection, Five Forks Crossing is highly visible with immediate access to Ronald Reagan Parkway, which connects to Interstate 85. The retail center sees a daily traffic count of 40,000 vehicles and is poised to serve the 69,000 residents within a 3-mile radius.
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