Sprouts-anchored center acquired

Riverstone Capital Group has purchased the 43,199-sq.-ft. Shops at Lexington Circle in the Atlanta suburb of Peachtree City.



Anchored by a Sprouts Farmers Market and located on the West Highway 54 retail corridor, the property offered for sale by Mirabeland Investments and Concordia Properties was not on the market long, according to the deal’s broker.



“As a newly developed shopping center with an exciting grocery anchor, The Shops at Lexington Circle garnered significant interest from the investment community,” said JLL managing director Margaret Caldwell.



Continued growth is expected for the area with the recent opening of Pinewood Studios about five miles from the center. It is reputed to be the largest purpose-built studio complex outside of Los Angeles.

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