Joint Venture Purchases The Avenue Webb Gin

Snellville, Ga. — The Avenue Webb Gin is a 351,007-square-foot, mixed-use property.

Snellville, Ga.  — A joint venture between Bayer Properties LLC and institutional investors advised by JP Morgan Asset Management has acquired The Avenue Webb Gin from Cousins Properties Inc. The Avenue Webb Gin is a 351,007-square-foot, outdoor center in Snellville, a northeastern suburb of Atlanta. The project, which opened in 2006, includes restaurants, retail and office space. Tenants include Barnes & Noble, White House/Black Market, Chico’s, Francesca’s Collections, DSW Shoes, Ted’s Montana Grill and Romano’s Macaroni Grill. This marks Bayer Properties first asset in Georgia. Eastdil Secured represented the seller in the transaction.