Lincoln Property Company Southeast Brokers $15.7 Million Sale of Regional Power Center in Metro Atlanta Suburb
Lincoln Property Company Southeast (Lincoln) and SRS Real Estate Partners have arranged the $15.7 million sale of Venture Pointe, a 335,151-square-foot power center located in Duluth, Georgia. Tony Bartlett and Chip Sipple of Lincoln and Kyle Stonis and Pierce Mayson of SRS represented the seller, Wells Fargo Bank, N.A., in the transaction, which took place through Auction.com. Angkawijana LLC purchased the property, which is anchored by Kohl’s, Big Lots and Golfsmith.
“Venture Pointe garnered significant interest from the investment community because of its strategic location and significant value-add potential,” said Bartlett, senior vice president at Lincoln who oversees the firm’s Atlanta office.
Located at 3960 Venture Blvd. in Duluth, the property benefits from its location at the Steve Reynolds Boulevard exit for I-85. Venture Pointe is strategically positioned within a significant retail corridor, located adjacent to PGA Superstore and Dave & Buster’s.