EDENS, proprietor and developer of in excess of 100 open up-air retail and blended-use purchasing facilities, has unloaded Fountain Oaks in Sandy Springs. Jamestown, the purchaser, paid out $48 million for the 160,000-sq.-foot heart, which is anchored by a Krogers supermarket.
Fountain Oaks is 98% leased by 38 tenants. The centre was developed in 1988 and renovated in 2003.
The Fountain Oaks deal is an additional venture into Sandy Springs for Jamestown. The Atlanta Enterprise Chronicle reviews In 2018, Jamestown compensated $94 million for the Exchange at Hammond and Parkside Shops shopping facilities. In addition to Ponce Metropolis Market, Jamestown owns Westside Provisions District and Buckhead Village.
JLL represented Edens in the sale of Fountain Oaks. EDENS owns or operates 62 centers in 16 states.
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