Coro Realty Announces the Acquisition of The Brookwood Retail
Coro Realty Advisors, LLC announces the acquisition of street-level retail in The Brookwood, a Class A condominium building located at 1820 Peachtree Road, Atlanta, Georgia 30309. Positioned in the high profile South Buckhead market, The Brookwood is a mixed-use development containing the 18,537 square feet of retail space purchased by Coro and 219 residential condominiums (not part of the purchase). The retail includes two restaurants, Saltyard, owned by principals of the highly-successful La Grotta Ristorante Italiano, and Watershed, which relocated to The Brookwood from its long-time Decatur location. The Brookwood is located approximately one block south of Piedmont Hospital; adjacent to the Brookwood Hills and Ardmore neighborhoods.
Robert Fransen, Partner of Coro Realty, believes that The Brookwood fits well with Coro’s strategy of acquiring strategic infill properties. “We purchased this property due to its South Buckhead location, excellent visibility, ample parking, and proximity to affluent residential communities.” Added Patti Pearlberg, Partner of Coro Realty, “The combinations of Class-A retail, Class-A residential and a Peachtree Road address make this a marquee retail property.” Coro intends to stabilize the property through additional leasing and to hold the property for long term cash flow and value appreciation.
Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and the Southeast with intelligent real estate development and investment. With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments. The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.
For more information on this property please contact:
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia 30327