LAWRENCEVILLE, GA. — America’s Realty LCC, a Baltimore-based investment group, and investment partners Borough Equities and Dragon Fly Investments have purchased River Exchange, a 263,651-square-foot shopping center in Lawrenceville. The property is anchored by Kroger, which recently extended its lease by five years.
John Tennant and Bryan Belk of Franklin Street represented the local owner, Monarch Investments, in the $19.3 million disposition. Marc Tropp of Eastern Union Funding arranged acquisition financing on behalf of the buyer.
In addition to Kroger, River Exchange’s tenants include Goodwill, Farmers Home Furniture, Metro by T-Mobile, Citi Trends, Habitat for Humanity ReStore, Hertz, Cato and One Main Financial, as well as a Kroger fuel center.
River Exchange is located at 2100 Riverside Parkway about 29 miles from downtown Atlanta in Gwinnett County.