Newmark Announces $12 Million Sale of The Village at Noble Farms in Atlanta Suburb

November 21, 2024 9:00 AM

Newmark announces it has arranged the $12 million sale of The Village at Noble Farms, a grocery-anchored shopping center located at 1105 Peachtree Industrial Boulevard in Suwanee, Georgia. Newmark Senior Managing Directors Mark Joines and Drew Fleming between sellers Noro Management a local buyer and PIB Noble Farms, LLC.

The 42,519-square-foot Village at Noble Farms sits on 8.92 acres and features 11 retail units. Anchored by Aldi and Pike Nursery, the property drew more than 20 offers.

“The Village at Noble Farms attracted tremendous interest due to its prime location and status as a grocery-anchored shopping center,” said Joines. “With Aldi as a stable anchor tenant and other seasoned retailers, the property provides long-term income stability. The strong performance of retail in this affluent area of Suwanee, combined with its proximity to major traffic corridors, made it a highly sought-after opportunity.”

Located at the intersection of Peachtree Industrial Boulevard and McGinnis Ferry Road, The Village at Noble Farms enjoys high visibility, with over 66,000 vehicles passing the site daily. National and regional tenants, including Pike Nursery, Johnny’s Pizza, Enterprise Rent-A-Car and Jackson Hewitt, account for 75% of the property’s occupied gross leasable area.

Suwanee is a sought-after suburb of Atlanta, just minutes from Johns Creek and Lake Lanier, Georgia’s most visited recreational destination. The 3-mile trade area surrounding The Village at Noble Farms boasts an affluent population of over 57,000 residents with an average household income of $158,645, enhancing the property’s appeal to investors seeking stable returns in a high-demand market.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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