Westwood Financial recently acquired Glenwood Park, located at 924 Garrett St. in Atlanta, for a total of $25.5 million. The property boasts approximately 48,633 square feet of retail space on the street level and is part of a mixed-use development that also includes 375 privately owned condos and townhomes, as well as 30,000 square feet of leased office space. However, the condos and townhomes were not included in the deal.
Glenwood Park currently has an impressive occupancy rate of 90%, with notable tenants such as Gunshow restaurant and Jeni’s Splendid Ice Creams occupying its retail spaces.
The seller was Asana Partners who had purchased the property from Core Realty for $18.1 million in 2018 and had held it since then.
Westwood Financial’s extensive portfolio consists of over 125 shopping centers throughout the United States including Village Place at Brookhaven, Trinity Square in Decatur,and Decatur Crossing within Atlanta’s Perimeter area.
Asana Partners has been actively involved in Atlanta real estate market with properties like Krog Street Market,Midtown Promenade,and Plaza on Ponce under its ownership.
