Atlanta, Georgia (Dec. 22, 2021) — Coro Realty announced today the sale of Brookwood Square, a 46,625-square-foot retail center on Peachtree Road in the affluent Buckhead area of Atlanta.
A venture led by Fairway Investments was the buyer.
The Coro Realty and Pope & Land partnership purchased Brookwood Square 2014. It is home to Absolute Care and Cafe Sunflower. Coro Realty leased and managed the property. Pope & Land and Coro Realty jointly oversaw the property’s asset management. The partnership previously sold 2 acres of its original purchase for what became Venue-Brookwood.
“Pope & Land and Coro Realty acquired a well-located center in one of the Southeast’s most attractive markets as a value-add investment,” said Robert Fransen, Managing Partner, Coro Realty. “Our teams were able to improve Brookwood Square, upgrade leases and deliver a very strong return over our seven-year hold.”
The center is located at the intersection of Peachtree Road and Colonial Homes Drive. An estimated 42,340 vehicles per day pass Brookwood Square, which is just two blocks from Piedmont Hospital.
Coro Realty’s sale decision was driven by its strategy to selectively sell assets, diversify and deploy capital opportunistically.
About Coro Realty
Coro Realty was founded in 1997 and is synonymous with intelligent real estate development and investment. With a commitment to smart growth, the urban landscape and innovation, Coro Realty continues to demonstrate its leadership in the market with the successful execution of quality investments. It provides investment, asset management, leasing and property management for a myriad of commercial and residential properties throughout the Southeastern United States. Coro Realty oversees approximately 50 properties valued in excess of $1 billion. For more information, visit cororealty.com.
Media contact: Thornton Kennedy (404) 210-0363 thornton@prsouth.net