Matthews™ Completes Off-Market Sale of Rivermont Square in Georgia

ATLANTA, GA— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of Rivermont Square Shopping Center, located at 8514-8560 Holcomb Bridge Road in Alpharetta, Georgia. Matthews™ Senior Vice Presidents Kyle Stonis & Pierce Mayson, and Associate Vice President Boris Shilkrot brokered the transaction.

The shopping center is positioned along Holcomb Bridge Rd (GA-140), one of North Atlanta’s most heavily traveled corridors with 54,500 vehicles per day. The 105,799-square-foot asset is anchored by Goodwill and Woodcraft and complemented by national tenants including Starbucks, Benjamin Moore, and DEKRA. Currently 92.53% occupied, the property features an advantageous mix of e-commerce-resistant shop uses, including fitness, beauty, dining, and automotive tenants.

Matthews™ facilitated the disposition with the direct buyer, Shallowford LLC, a local investor group who saw the asset as a strong long-term fit for their portfolio, given their familiarity with the property and the surrounding market.

“We were thrilled to facilitate the sale of Rivermont Square, our second retail asset sold along Holcomb Bridge Rd in the last three months,” Stonis said. “The center’s high-profile location in Alpharetta is a great long-term fit for the local buyer and represents the significant ongoing demand we are seeing in the marketplace for well-located retail product in Atlanta.”

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.