Jamestown Picks Up Atlanta Retail Portfolio

Mimms Enterprises sold the nearly 335,000-square-foot portfolio for close to $55 million. The company had owned both properties for nearly 20 years,
The Exchange at Hammond and Parkside Shops

Jamestown has acquired two adjacent retail assets north of Atlanta from Mimms Enterprises for $54.8 million, according to Fulton County records. The properties—The Exchange at Hammond and Parkside Shops—contain 334,787 square feet.

Mimms owned the retail portfolio for nearly 20 years, acquiring both assets in a $5.9 million acquisition in September 1999.

Located at 5930-5992 Roswell Road N.E. in Sandy Springs, Ga., the 176,376-square-foot Exchange at Hammond  shopping center is situated alongside Georgia Route 9, less than half a mile north of The Perimeter. The asset is fully leased to a mix of tenants, including Whole Foods Market, Marshalls and Office Depot.

Parkside Shops is positioned at 5920 Roswell Road N.E., immediately south of The Exchange at Hammond. The 158,411-square-foot property is occupied by a number of tenants, including The Cinema Springs & Taphouse, Tuesday Morning and Chipotle.

HFF’s Jim Hamilton, Brad Buchanan, Michael Allison and Shea Petrick represented Mimms in the transaction. In June, most of the same team closed the sale of a 135,000-square-foot retail center in Memphis, Tenn.

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