Columbia Properties buys East Cobb’s Merhcants Exchange

Columbia Properties, Inc. announces its $17 million purchase of Merchants Exchange, a 130,013 square foot shopping center in east Cobb county, Ga. Merchants Exchange is a 98 percent leased neighborhood-oriented shopping center, anchored by LA Fitness® and Picture Show movie theater.

“Through our long-standing relationship with BB&T, we were able to secure a below-market loan providing our investors with a well-located, stabilized asset generating a high return,” says Andy Campbell, partner, Columbia Properties.

Columbia Properties has plans to acquire additional retail assets in the metropolitan Atlanta area over the next 12 to 18 months. “Great investment opportunities in retail real estate are beginning to present themselves and we feel we’re well positioned to take advantage of those opportunities,” continues Campbell.

Merchants Exchange is located at the intersection of Upper Roswell Road and East Cobb Drive in Marietta, Ga. East Cobb county is one of the most established and affluent submarkets in the Atlanta metro area, and Merchants Exchange benefits from a strong demographic of residents with high household incomes.

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Explore posts in the same categories: Atlanta Economy, Shopping Center

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