Coro Realty Advisors Sells North Point Village to Mimms Enterprises for $19M
Wednesday, November 20th, 2024
Coro Realty Advisors, a diverse real estate investment and management company, has sold North Point Village, a prime retail center located at 7300 North Point Parkway in Alpharetta, Ga, to Mimms Enterprises for $19 million. The sale was brokered by Fred Victor, Executive Vice President of Atlantic Retail.
Spanning 57,219 square feet on 5.16 acres, the property is strategically situated in the North Fulton/GA 400 corridor, one of the nation’s foremost corporate office markets. It boasts over 14 million square feet of corporate office space, supported by a Fortune 500 employment base and a daytime population exceeding 132,000 employees.
North Point Village features a strong tenant lineup including Talbots, Kohler and Learning Express. The property’s location in one of Atlanta’s most affluent suburbs provides access to dense upscale retail offerings, state-of-the-art healthcare facilities and exclusive residential communities.
North Point Mall, a 1.3 million square foot super-regional shopping center that attracts a significant consumer base, anchors the immediate retail market.
“Coro Realty is uniquely qualified to identify retail centers like North Point Village, make strategic improvements and maximize returns for our investors,” said Robert Fransen, Managing Partner of Coro Realty Advisors. “This sale demonstrates our successful model of enhancing asset performance and our commitment to reinvesting capital into new, stable opportunities with significant upside potential.”
With over 196,000 residents living within a five-mile radius of North Point Village and an average household income exceeding $200,000, the property remains a highly desirable asset in a strong market.
Coro Realty Advisors originally acquired North Point Village in 2016 from its original developer, Wiggins Associates.
