REIT dumps Georgia shopping plaza

Local investor takes ownership

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Marcus & Millichap negotiated the sale of Roswell Village Shopping Center in Roswell, Ga.  The value of the transaction was $15.5 million. A South Florida-based real estate investment trust sold the property to a local private investor. Roswell Village is located on 14.1 acres at 593 Holcomb Bridge Road in Roswell, a high-growth suburb north of Atlanta. The sale includes 145,334 rentable square feet with 26,618 vacant square feet. The center was originally constructed in 1973 and recently renovated. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to