Decatur Crossing sold to Los Angeles-based company

Posted by Dan Whisenhunt May 21, 2018

Photo by Dan Whisenhunt

Westwood Financial LLC, based in Los Angeles, has purchased Fuqua’s Decatur Crossing development.

The property, located directly across from the Suburban Plaza redevelopment on North Decatur Road, is anchored by a Sprouts grocery store.

“Decatur Crossing is an 81,900 square-foot Sprouts-anchored shopping center that was developed in 2017 and is currently 100 percent occupied,” the company announced in a press release. “The center is in the dense, affluent community of Decatur, GA, just east of Midtown Atlanta, and boasts a 3-mile average household income of $93,000 and a population of 113,000. The center is adjacent to two large multifamily developments with over 1,000 units either delivered or under construction. Daily traffic counts at the intersection of Scott Blvd. and North Decatur Road are over 65,000.”

The company also bought a Sprouts-anchored shopping center in Phoenix, Ariz. The purchase price for both retail centers was $66 million, according to the press release.

 

 

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About Dan Whisenhunt

Dan Whisenhunt is editor and publisher of Decaturish.com. https://www.linkedin.com/in/danwhisenhunt

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