Charleston-based Bond Street REIT acquires Atlanta shopping center

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Bond Street REIT, headquartered in Morrison Yard on the Charleston Peninsula, has acquired Marketplace Terrell Mill in Atlanta, according to a press release.

The acquisition of the four-tenant convenience shopping center highlights Bond Street’s commitment to identifying properties with convenient access, high visibility, a diverse tenant mix and a dense population, the release said.

“We are excited to expand our portfolio and continue to strengthen our presence in the growth-focused Southeast markets,” said Luke Fox, head of portfolio strategy at Bond Street. “Many thanks to Bryan Belk of Franklin Street for brokering the deal.”

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Situated along Powers Ferry Road and shadowed by a 90,000-square-foot Kroger shopping center and 298 Class A apartments, the location welcomes heavy traffic and high customer demand, the release said. Less than three miles from Truist Park, the new home of the Atlanta Braves, the growing suburban market will serve the center and its tenants well for years to come.

Financial terms of the acquisition were not disclosed.

The property was jointly developed by Connolly Investment and Development, with Eden Rock Real Estate Partners.

Bond Street REIT is a perpetual life, private net asset value real estate investment trust with a portfolio invested exclusively in the convenience retail sector, according to the release. The Southeast’s leading owner of Class A convenience shopping centers, Bond Street acquires and manages a carefully selected portfolio of outdoor shopping centers in southern markets.