Publix-anchored retail center in suburban Atlanta trades for $13 million

Woodstock, Ga. -- Transwestern’s Southeast Investment Services Group announced it brokered the disposition of East Cherokee Village Shoppes for $13 million. New Orleans-based PMAT Cos. acquired the 128,667-sq. ft., Publix-anchored shopping center is located in Woodstock, Georgia. Transwestern VP Fred Victor and managing director Kevin Markwordt represented the private seller.



“The substantial value-add potential of this property combined with strong anchor performance resulted in significant investor interest,” said Fred Victor, VP for Transwestern. “The sales price reflects the continued strength of well-located, high-performing, grocery-anchored assets.”



East Cherokee Village Shoppes, developed in 2003, is located in Cherokee County, Georgia’s fifth fastest-growing county. Cherokee County continues to flourish with new developments such as The Outlet Shoppes at Atlanta and Northside Hospital-Cherokee’s $250 million hospital.