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ALPHARETTA, Ga. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of Alpharetta Commons, a 94,500-square-foot, 98.7%-occupied shopping center anchored by Publix Super Markets in the Alpharetta/Roswell submarket in the Atlanta metro area. The sale price was $24.6 million.
Hanley Investment Group’s President Ed Hanley and Executive Vice President Kevin Fryman, along with ParaSell, Inc., represented the 1031 exchange buyer, a private investor based in Southern California. The seller was an institutional real estate owner, operator and developer of a national portfolio, and was represented by CBRE Executive Vice President Chris Decoufl