Union City, Ga. — SRS Real Estate Partners has arranged the sale of Shannon Crossing, a 101,174-square-foot, Kroger-anchored shopping center located in Union City, about 17 miles south of downtown Atlanta. Forge Real Estate Partners III LP, a joint venture between Forge Capital Partners and The Sembler Co., sold the property for $19.4 million to an Atlanta-based entity doing business as Flesh and Soul Enterprises LLC. Kyle Stonis and Pierce Mayson of SRS represented the seller and the buyer was self-represented in the transaction. Located at 4550 Jonesboro Road, the property was 97 percent occupied at the time of sale by tenants including Advance Auto Parts, Chase Bank, T-Mobile, The UPS Store, Papa John’s and J.R. Crickets.
SRS Arranges $19.4 Million Sale of Kroger-Anchored Shopping Center in Metro Atlanta