Press Releases
Marcus & Millichap Brokers $5.49 Million Sale of Retail Center in Suburban Atlanta
July 14, 2025
MORROW, Ga., July 14, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Pavilion at Southlake, a 13-unit 65,267-square-foot retail center in Morrow, Georgia, for $5,485,000.
“This sale completed a strategic 1031 exchange,” said Eric Abbott, Director Investments. “We sold another strip center in Atlanta for the client, then identified and closed on this property to complete their exchange.”
Abbott and Zach Taylor, investment specialists in Marcus & Millichap’s Atlanta office, represented the buyer in the transaction, a private group of high-net-worth doctors. Jeff Enck of Mathews Real Estate represented the seller.
Pavilion at Southlake is located at 1331–1389 Mount Zion Road and occupies a 6.04-acre parcel. Tenants include national and regional brands such as Humana, H&R Block, LensCrafters and Bank of America. The property sits directly across from Southlake Mall and adjacent to a $117 million convocation center under development.
“This sale completed a strategic 1031 exchange,” said Eric Abbott, Director Investments. “We sold another strip center in Atlanta for the client, then identified and closed on this property to complete their exchange.”
Abbott and Zach Taylor, investment specialists in Marcus & Millichap’s Atlanta office, represented the buyer in the transaction, a private group of high-net-worth doctors. Jeff Enck of Mathews Real Estate represented the seller.
Pavilion at Southlake is located at 1331–1389 Mount Zion Road and occupies a 6.04-acre parcel. Tenants include national and regional brands such as Humana, H&R Block, LensCrafters and Bank of America. The property sits directly across from Southlake Mall and adjacent to a $117 million convocation center under development.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
