Bham company inks $13M real estate deal in metro Atlanta
- September 30, 2025
- Atlanta
The shopping center is located at a signalized intersection on Old Milton Parkway at the entrance to the Woodhaven at Park Bridge apartment community.
Unanchored shopping centers in Atlanta’s suburbs continue to sell for elevated prices, and a recent high-dollar deal involved a Birmingham-based firm.
The Village at Park Bridge, located at 4180 and 4190 Old Milton Parkway in Alpharetta, traded for $12.85 million, according to a Fulton County deed.
A company linked to Chicago-based Northpond Partners was the buyer, and a company linked to Birmingham’s Fairway Investments was the seller.
Fairway Investments is best known in Birmingham for its ownership of Brookwood Village and surrounding properties. It also owns Oxmoor Industrial Park in Birmingham, Perimeter Industrial Park in Bessemer, Trace Crossings in Hoover and more.
TSCG, an Atlanta-based retail real estate advisory firm, arranged the Atlanta sale through its investment sales team that is led by partner and senior managing director Anthony Blanco.
The shopping center has 28,701 square feet of leasable space, according to a TSCG news release. The $448 price-per-square-foot highlights investors’ appetite for strip centers, which generally aren’t being developed as often.
“Shopping centers like The Village at Park Bridge, which are situated in great markets with strong traffic patterns and with an assortment of credit tenants, continue to receive robust interest from institutional and private investors,” Blanco said in a statement.
Restaurant tenants include Starbucks, Jimmy John’s, Crumbl Cookies, Pepperoni’s Tavern, Kin No Tori Ramen Bar and Koi Kaiten Sushi. An Emory Rehabilitation outpatient center and a personal trainer are among the other tenants.
The shopping center was built in 2003. It last sold for $9.7 million in 2006, records show.
“The center has a history of very high occupancy rates and tenants with long operating histories,” Blanco said. “These factors led to several offers and an extremely competitive marketing process.”
Northpond Partners, the buyer, maintains an Atlanta office at Northcreek Office Park.
Original article here.