ATLANTA, GEORGIA (March 6, 2019) – Randy Wolfe, Managing Director, and Bert Roberds, Vice President, of NorthMarq’s Atlanta-based regional office, negotiated acquisition financing of $10,125,000 for Olde Mill Plaza, a 105,847 sq. ft. retail property located at 3101 Roswell Road in Marietta, Georgia. The transaction was structured with a 10-year term with 2-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a national CMBS platform.
The property is anchored by Walmart Neighborhood Market and a Just Fitness 4U. Area retailers include Target, Home Depot, Whole Foods, The Fresh Market, Trader Joe’s, Publix, Kroger, Dick’s Sporting Goods, TJ Maxx, Marshalls, Kohl’s and SteinMart. The property benefits from the very strong demographics in East Cobb County and high traffic counts brought by Old Canton Road and Roswell Road (Highway 120).