Matthews™ Capitalizes on Value-Add Strategy with Disposition of Trophy Grocery-Anchored Shopping Center

ATLANTA, GA—Matthews™, a commercial real estate investment services and technology firm, represented the seller in the disposition of Heritage Hills Shopping Center, located at 1330 East West Connector SW, in Mableton, Georgia. Matthews™ Senior Vice Presidents Kyle Stonis and Pierce Mayson, and Associate Vice President Boris Shilkrot brokered the transaction.

Located at the intersection of East-West Connector and Austell Road in Mableton, Heritage Hills Shopping Center is a trophy grocery-anchored community center serving one of northwest Atlanta’s fastest-growing residential corridors. Anchored by Food Depot, Floor & Decor, and Hobby Lobby, the center also features national retailers including Ulta Beauty, alongside a complementary mix of shops, services, and restaurants. The property benefits from direct connectivity to the adjacent Elan Brookwood and Marlowe Brookwood apartment communities, creating a unique mixed-use environment.

Having successfully executed a multifaceted value-add strategy, repeat client Garner Group engaged Matthews™ to capitalize on the property’s enhanced value through a strategic disposition. Leveraging its extensive network of shopping center investors, Matthews™ sourced the buyer, a local family office completing a 1031 exchange and a repeat buyer with whom the firm had closed its second transaction in the previous three months. Throughout the transaction, Matthews™ guided both parties through a seamless closing, matching the seller’s objectives with a buyer seeking a high-quality, grocery-anchored retail asset with durable long-term fundamentals.

“We’re excited to assist a great client with what has been an extremely successful reimagining of this asset and the surrounding properties, in a growing part of northwest Atlanta,” Stonis said. “Heritage Hills is an extremely high-quality grocery-anchored community center with unique direct access for on-site consumers and will continue to thrive under its new ownership for a long time to come.”

For more information, please contact Kyle Stonis, Pierce Mayson, and Boris Shilkrot, or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.