Sweet Apple Village Trades for First Time in 15 Years

ATLANTA, GA—Matthews™, a commercial real estate investment services and technology firm, represented the buyer and seller in the disposition of Sweet Apple Village, a multi-tenant retail asset, located at 12060 Etris Road in Roswell, Georgia. Senior Vice Presidents Jeff Enck, Kyle Stonis, and Pierce Mayson and Associate Vice President Boris Shilkrot brokered the transaction, marking the highest sale price for a retail property sold within the Roswell/Alpharetta submarket in the last four years.

Having executed a value-add initiative throughout its ownership, repeat client Ziff Real Estate Partners engaged Matthews™ to bring the asset to market for the first time in 15 years as part of a broader capital recycling initiative. Leveraging its extensive network of shopping center investors, Matthews™ ran a highly competitive marketing process that generated offers from some of the top professional buyers of unanchored retail. The firm directly sourced the buyer, SouthCoast, which acquired the center as a strategic addition to its portfolio of unanchored retail properties throughout the Southeast.

The 98.15% occupied Class A asset features a diverse mix of national and regional, e-commerce-resistant and essential-service tenants across food, beverage, fitness, wellness, medical, education, and other daily-needs uses. No single tenant occupies more than 12% of the total GLA, creating a diversified income stream and reducing the property’s reliance on any one occupant.

“We are extremely pleased with the pricing achieved in this transaction,” Enck said. “Unanchored retail continues to attract strong investor demand, particularly for centers with essential-service tenants and smaller, replaceable shop spaces. We saw that firsthand with Sweet Apple Village, where a competitive process drew interest from both private and institutional capital.”

Also being marketed for sale by Matthews™ are Jefferson Square in Pine Bluff, Arkansas, Cross Creek in Memphis, Tennessee, and Wisdom Pointe Village in Peachtree City, Georgia.

For more information, please contact Jeff Enck, 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.