Transwestern Real Estate Services (TRS) announces its Southeast Investment Services Group has executed the disposition of North Logan Commons, a 175,969-square-foot power center at 4002 and 4022 Atlanta Highway in Loganville, Georgia. Transwestern Vice President Fred Victor represented the seller, CIM Group, in the $15.6 million transaction to New York-based Big V Property Group. 

“This deal went under contract in mid-March, at the beginning of the pandemic quarantine,” said Victor. “As such, completing the transaction presented unique hurdles, including difficulties conducting inspections and challenges with the current lending environment, which required extending the closing date multiple times. The buyer and seller were committed to finalizing the deal despite these obstacles and worked together throughout the process.”

More than 67% of North Logan Commons’ total occupancy comes from national anchors T.J. Maxx, Dick’s Sporting Goods, OfficeMax and PetSmart. Co-tenants Five Guys, SportClips, Anytime Fitness and Sally Beauty combine with a 127,743-square-foot Lowe’s shadow anchor to drive additional traffic to the property. At 83% occupied, the power center offers substantial value-add opportunity through lease-up.

North Logan Commons is situated along Loganville’s primary Highway 78 retail corridor in Gwinnett County, the second-most-populated county in the state, with nearly 1 million residents. Located 45 minutes from Atlanta Hartsfield-Jackson International Airport, Gwinnett County has consistently been ranked one of the fastest-growing regions in the country and a top destination for global businesses.