Coro Realty Advisors Announces the Acquisition of Village Place Brookhaven

August 2, 2012

Coro Realty Advisors, LLC announces the acquisition of Village Place Brookhaven’s retail, located at 1410 – 1438 Dresden Drive, Atlanta, Georgia  30319.  Village Place Brookhaven is a mixed-use development containing the 34,789 square feet of retail space purchased by Coro and 41 luxury residences, office condominiums, live/work units and townhomes (not part of the purchase).  It includes established retailers like Natural Body, Kaleidoscope Bistro & Pub, J. Christopher’s, The Mercantile, Verde Taqueria and Pour Wine Bistro.

Robert Fransen, Chief Investment Officer, believes that Village Place Brookhaven fits well with Coro’s strategy of acquiring strategic infill properties.  “We purchased this property due to its location in a growing area, its unique combination of retailers, its dynamic streetscape and its proximity to quality residential communities.  We expect the continued densification of this area to further enhance Village Place’s fundamentals.”  Coro intends to hold the property for long term cash flow and value appreciation.  Village Place is located approximately ½ mile east of Peachtree Road in the heart of Brookhaven.

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, Leasing and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100

Atlanta, Georgia  30327
(404) 846-4000