Hanley Investment Group Real Estate Advisors arranged the off-market sale of Fischer Marketplace, a newly developed, 100%-occupied, 70,134-square-foot shopping center anchored by Publix Super Markets in the Peachtree City/Sharpsburg submarket of metro Atlanta. The sale price was $26.9 million.
Fischer Marketplace, at 4957 E. Highway 34, represents the fifth grocery-anchored shopping center that Hanley Investment Group has helped clients acquire in the Atlanta metro area since 2021, totaling nearly $120 million in transactions.
Hanley Investment Group’s Kevin Fryman and Ed Hanley, in association with ParaSell, Inc., represented the 1031 exchange buyer, a private investor based in Southern California. The developers and sellers were ForCAST Real Estate Development, LLC and Brent Holdings, represented by Hunter Steffien of Faris Lee Investments of Irvine, California, and Bryan Belk and John Tennant of Franklin Street in Atlanta.
Fischer Marketplace is fully leased, with 95% of tenants representing national and regional brands.
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