Matthews™ Facilitates Sale of a Grocery-Anchored Shopping Center in Georgia

BRUNSWICK, GA— Matthews™, a commercial real estate investment services and technology firm, completed the sale of Brunswick West, a grocery-anchored shopping center, located at 5420 New Jesup Hwy in Brunswick, Georgia. Matthews™ Senior Vice Presidents Pierce Mayson & Kyle Stonis, and Associate Vice President Boris Shilkrot represented the seller in the transaction.

Strategically positioned off I-95, one of the busiest thoroughfares on the Eastern Seaboard, the 77,485-square-foot asset serves as a primary retail destination for the Brunswick/Kingsland submarket, drawing from a wide trade radius and benefiting from 60,600 vehicles per day. The center is anchored by one of the few remaining Winn-Dixies in Georgia, which recently executed a new 10-year lease extension through 2034, and a new 13,500-square-foot Dollar Tree. The seller, H & R Brunswick, LLC, elected to bring the property to market as part of a strategic capital recycling strategy.

The Matthews™ agents leveraged their deep expertise in Southeast grocery-anchored retail and a longstanding client relationship, having successfully executed four prior Winn-Dixie-anchored dispositions for the seller, to deliver a seamless transaction from start to finish. Matthews™ sourced the buyer directly, ultimately securing Hakimian Holdings, Inc., a Jacksonville-based family office for whom the asset represented a strong portfolio fit given its proximity and long-term cash flow profile. The buyer plans to continue operating the center to capitalize on its stable, long-term cash flow.

“The sale of Brunswick West represents the final of 5 Winn-Dixie anchored assets that our team has executed for our seller,” Mayson said. “With an overall lack of available grocery-anchored product in the Southeast over the last year, this asset provided an excellent opportunity for the buyer to acquire a neighborhood grocery-anchored center with a long history of success at the location.”

For more information, please contact Pierce Mayson, Kyle Stonis, 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.