Atlanta, Georgia – Hendon Properties in conjunction with Harbert United States Real Estate Fund V, L.P. (“HUSREF V”), recently acquired Conyers Crossroads, a 465,000 square foot, retail power center in the Conyers submarket of Atlanta, Georgia.
HUSREF V and Hendon Properties closed on the Class A retail property on October 9thand intend to invest an additional $2.5 million upgrading and leasing vacant space at the property. Conyers Crossroads is uniquely positioned to attract national retail tenants due to the property’s dominance in the local trade area. With a fundamental recovery and improving demand in the retail real estate market, the joint venture plans to stabilize the property by leasing nearly 65,000 square feet of available space. The acquisition is the first joint venture between the Harbert Management Corp. U.S. real estate team and Hendon Properties, which seek well-located properties with value-add upside through focused operational management.
For Leasing Opportunities contact Shannon Mullinax (404) 926-1534
For Property Management contact Carlos Gonzalez at (404) 926-1539