October 25, 2016
Slate Retail REIT has entered into a binding agreement to acquire Robson Crossing, a 100,245-square-foot grocery-anchored center in the Atlanta, GA metro. The Canadian REIT will pay $11 million to Sembler Co. for the retail asset; the buyer’s seventh in the area. The transaction is expected to close by the end of the year.
Robson Crossing, situated on 18 acres at 3446 Winder Hwy. in Flowery Branch, GA, is anchored by a Publix supermarket. The property also contains a 17,000-square-foot Ace Hardware store, and an additional 35,500 square feet of retail shop space. Other tenants include restaurants and a Hallmark store.
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