For Immediate Release
December 4, 2012
ATLANTA - Coro Realty Advisors, LLC announces the acquisition of Riverstone Mill Shopping Center, located at 553 Riverstone Parkway, Canton, Georgia 30114. Rivertone Mill consists of 49,950 square feet of retail space and is 88% occupied, mostly by national and regional tenants such as Dollar Tree, Tuesday Morning, Edward Jones and Johnny’s Pizza.
Robert Fransen, Executive Vice President of Coro, believes that Riverstone Mill fits well with Coro’s strategy of acquiring value-add properties. “We purchased Riverstone Mill as a turnaround opportunity. We believe that we can maximize its value by improving its occupancy and rent roll.” Coro expects to lease up the Riverstone Mill in 24 – 36 months, and then dispose of it as a stabilized property.
Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment. With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments. The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.
For More Information Please Contact:
Coro Realty Advisors, LLC
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia 30327