Marcus & Millichap brokered the sale of the 161,464-square-foot Parkaire Landing Shopping Center in Marietta, Ga.
The value of the transaction was approximately $18.2 million.
Parkaire Landing is located at 4880 Lower Roswell Road. The center was constructed in 1973 on approximately 19.2 acres and is shadow-anchored by a Kroger supermarket.
A Ft. Lauderdale, Fla.-based private investor sold the property to a Massachusetts-based investment partnership.
Occupancy was 95 percent at the time of sale.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
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