CRE 101 Blog

A grocery-anchored shopping center in Tucker has changed hands.

Northlake Square, a 82,578-square-foot retail center located at 4135 Lavista Road, has been sold for $17.3 million. Greenberg Gibbons acquired the center from Barnhart Commercial Management. JLL represented the seller and owner in the transaction.

At 98 percent occupied, the shopping center includes ALDI, Best Buy, Mellow Mushroom and more. It was constructed in 1988.

Northlake Square is Greenberg Gibbons’ first property in Georgia. The Maryland-based real estate company’s portfolio includes more than 6.5 million square feet and $1.5 billion in assets.

Tucker is located northeast of Atlanta.

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