Northlake Square, which includes an ALDI, Best Buy and Mellow Mushroom, has been purchased for $17.3 million by Greenberg Gibbons, an investment firm based in Baltimore, Md.
The 82,578-square-foot property off Interstate 285 at 4135 Lavista Rd. in Tucker, was built in 1988. It is Greenberg Gibbon's first entry in the state of Georgia.
"The acquisition of Northlake Square demonstrates the market's appetite for well-positioned, grocery-anchored retail centers within growing submarkets of major metros," said Jim Hamilton, Managing Director of JLL Capital Markets, which facilitated the sale.
"The center's strong tenant mix, led by ALDI and Best Buy, combined with its strategic location make it a valuable addition to any diversified portfolio," he said.
Best Buy's store at Northlake Square opened in 1995.
