[[{“value”:”
**Essential Growth Properties Acquires Publix-Anchored Mulberry Village for $13.4 Million**
Essential Growth Properties has acquired Mulberry Village, a 75,000-square-foot shopping center located in Mulberry, Georgia, just outside of Atlanta. The property, situated at 831 Auburn Road, was sold for $13.4 million. Watkins Real Estate Group was represented in the transaction by the JLL Capital Markets team, which included Jim Hamilton, Brad Buchanan, Andrew Michols, and Charlie Merrigan.
Originally built in 2008, Mulberry Village spans 17.1 acres and is anchored by a Publix supermarket. The center currently boasts a 94% occupancy rate and includes four undeveloped outparcels, offering additional development opportunity for the new owner.
Strategically positioned at the intersection of Auburn Road and Fence Road—which together see more than 32,000 vehicles daily—the shopping center benefits from excellent visibility and accessibility. The property features two major points of ingress and egress.
The surrounding area continues to experience explosive growth. Within a three-mile radius, average household incomes exceed $135,000. Additionally, the region is undergoing significant residential development, with more than 2,500 new homes either recently delivered or currently under construction.
With its strong anchors and location in a high-growth corridor, Mulberry Village represents a compelling investment for Essential Growth Properties as it continues to expand its retail portfolio in the Southeastern United States.
“}]]
