Lilburn, Ga. — Sterling Organization has acquired Five Forks Crossing, a 73,910-square-foot shopping center located in Lilburn, 20 miles northeast of Atlanta.
Kimco Realty sold the asset for $10.5 million, or $142 per square foot. A 62,000-square-foot Kroger anchors the center. Additional tenants include Great Clips, The UPS Store and Coast Dental. Five Forks Crossing is Sterling Organization’s seventh property in Georgia.
Transwestern’s Atlanta Investment Services Group, led by Vice President Fred Victor, provided disposition services for Kimco in the transaction.