The North Carolina-based private equity real estate firm Prudent Growth Partners LLC has completed its $7.25 million acquisition of Sugarloaf Village, a 32,000-square-foot shopping center located in the Atlanta suburb of Lawrenceville, Georgia.
Built in 2008, the property has 17 tenants encompassing a mix of businesses and service providers. The acquiring company said there were no significant deferred maintenance required at the site.
“We are excited to add Sugarloaf Village to our ever-growing portfolio of quality retail properties,” said Tom Hahn, president of Prudent Growth Partners. “Lawrenceville is a vibrant and expanding market, and we see tremendous potential in this center’s location, tenant mix, and community presence. This acquisition aligns perfectly with our investment strategy, and we look forward to enhancing the property’s value while supporting the continued growth and success of the surrounding area.”
