Sterling Organization Sells Roswell, GA Shopping Center

Sterling Organization, a private equity real estate investment firm, has announced the sale of Roswell Market Center in Roswell, GA. The property, located at 1580 Holcomb Bridge Road, was sold for $8.63 million to an Investment Fund managed by Sterling.

The shopping center features a 28,809 square-foot Auto Zone, a 13,362 square-foot Dollar Tree, and is shadow anchored by a 102,000 square-foot Home Depot. It is situated 20 miles north of downtown Atlanta, at the northwest corner of Holcomb Bridge Road and Holcomb Woods Parkway, within a densely populated area.

Brian Kosoy, Managing Principal, President, and CEO of Sterling Organization, expressed satisfaction with the financial outcome of the deal. He highlighted the increase in occupancy rates from 55% to 97% as a significant achievement.

Jordan Fried, Principal of Sterling Organization, acknowledged the role of Jim Hamilton and the JLL team in facilitating the transaction and commended the purchaser's professionalism.