Avison Young completes $15 million sale of Brannon Crossing

Atlanta - Avison Young has completed the $15 million sale of Brannon Crossing, an upscale shopping center with 60,780 sq. ft. of leasable space located at 405-435 Peachtree Parkway in Cumming, Georgia, just outside of Atlanta.



The transaction comes on the heels of the firm’s recent disposition of the 27,057-sq.-ft. Lindbergh Crossing Shopping Center in Atlanta for $7.06 million.



Avison Young’s Fort Lauderdale-based principals, AJ Belt III and Brian Mark, and David Duckworth, VP of Investment Sales, completed the Brannon Crossing transaction on behalf of the seller, Brannon Crossing, LLC.



“The Atlanta Metro area is showing signs of strong recovery and is now back on the radar of most investors after previous years of slow retail real estate activity,” said Belt. “Retail investment deals are becoming more attractive to both institutional and private equity investors as underlying economic fundamentals, including decreasing vacancy rates and rising rents, continue to improve. As such, our team was able to position Brannon Crossing as a premier investment asset resulting in the quick, successful sale of the property.”