Ross Dress For Less and Marshalls anchored retail center trades in Roswell, GA

ATLANTA, Nov. 19, 2024 – JLL Capital Markets announced today that it has completed the sale of Roswell Village, a prominent 150,211-square-foot retail center in Roswell, Georgia.

JLL worked on behalf of the seller, Sterling Organization, in procuring the buyer, Revesco Properties USA, LLC.

Roswell Village, built in 1973 and renovated in 2022 was 94% occupied upon the time of sale to an array of notable tenants including Marshalls, Ross Dress For Less, Starbucks, Crunch Fitness, Dollar General, Pizza Hut and Jersey Mikes Subs.

Situated in the thriving Roswell Submarket, the site draws from an affluent consumer base and prestigious location on the corner of Alpharetta Hwy. and Holcomb Bridge Rd., which see 92,000 vehicles per day. Roswell has seen immense population growth due to its luxurious amenities and its proximity to major Atlanta employers and economic drivers. With a daytime population of about 240,000 and the average household income in excess of $160,000, the center pulls from an expansive consumer base supporting strong leasing fundamentals and tenant sales performance.

JLL Capital Market’s Investment and Sales Advisory team was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Director Andrew Kahn.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Sterling Organization is a vertically integrated private equity real estate investment firm whose national platform is focused on investing in retail real estate assets. Sterling Organization, and its affiliates, own and manage 74 properties across the U.S. with more than 13 million square feet of primarily retail real estate across the U.S. worth over $2 billion in value. The company is headquartered in West Palm Beach, Florida, with additional offices strategically located throughout the U.S. For more information, please visit sterlingorganization.com.

Revesco Properties Trust is a perpetual life REIT that was established to acquire ownership in open-air shopping centers and mixed-use properties in markets with dynamic and diversified economies throughout the United States. Investors benefit from the deep industry experience and relationships of its entire team, that has led to Revesco Properties’ incredible success over the past 13 years. RPT offers investors an efficient way to invest in U.S. retail real estate alongside a qualified sponsor that believes in creating generational wealth for their clients.