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SRS Real Estate Partners 3400 Peachtree Road NE, Suite 1100 | Atlanta, GA 30326 404.231.2232 | SRSRE.COM The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. Published: 11.13.15 CASE STUDY RETAIL INVESTMENT SALES CASE STUDY PLEASANT HILL SQUARE 2205 Pleasant Hill Road | Duluth, GA 30096 ASSET SOLD Regional Power Center SALE PRICE $16,400,000.00 SALE DATE November 13, 2015 TOTAL GLA 282,137+/- SF LAND 26.57 +/- AC OCCUPANCY 48.73% YEAR BUILT 1997 - 1999 ANCHOR TENANTS • Toys "R" Us • Jo-Ann • Staples CONTACTS Kyle Stonis, CCIM | 678.420.1393 [email protected] | GA Lic. # 265771 Pierce Mayson | 404.231.4696 [email protected] DEAL STRENGTHS • Advantageous line-up of national anchors includes Toys“R”Us, Jo-Ann, and Staples • Strategically situated within the Atlanta, GA MSA and part of the Gwinnett County CID • Superb and rare opportunity to add significant value to a regional power center through the lease-up of 144,641 +/- SF DEAL CHALLENGES • Located in a challenging sub-market in north Atlanta which has been negatively impacted by a demographic transition • Less than 50% occupancy at time of sale • Staples in a 25,000 SF box which no longer matches the company’s needs TRANSACTION EXECUTION Even in what continues to be a challenged sub-market, the SRS Southeast Investment Sales Team was successful in generating plenty of interest in Pleasant Hill Square by not only widely marketing the Property, but also targeting our extensive list of buyers whom we knew to be targeting these types of acquisitions – very much like Venture Pointe which we recently sold nearby. Our hands-on approach to every asset we sell enables us to continue to have success in all markets: from core locations to more difficult secondary and tertiary sub-markets.
