Hanley Investment Group Facilitates $26.9 Million Sale of Fischer Marketplace in Metro Atlanta
Hanley Investment Group Real Estate Advisors has successfully arranged the off-market sale of Fischer Marketplace, a newly developed retail center located at 4957 E. Highway 34 in Sharpsburg, within the Peachtree City/Sharpsburg submarket of metro Atlanta.
The 70,134-square-foot shopping center, fully occupied and anchored by Publix Super Markets, was sold for $26.9 million.
This transaction marks the fifth grocery-anchored shopping center that Hanley Investment Group has facilitated for clients within the Atlanta metropolitan area since 2021, representing nearly $120 million in sales activity.
The buyer was a private investor from Southern California completing a 1031 exchange. Hanley Investment Group’s Kevin Fryman and Ed Hanley represented the buyer in collaboration with ParaSell, Inc. The sellers and developers of the property, ForCAST Real Estate Development, LLC and Brent Holdings, were represented by Hunter Steffien of Faris Lee Investments (Irvine, CA), along with Bryan Belk and John Tennant of Franklin Street (Atlanta, GA).
Fischer Marketplace is 100% leased, with approximately 95% of the tenants being established national and regional brands.
