Newmark Knight Frank's Southeast Capital Group Negotiates $14.6 Million Sale of Centennial Village - Phase II in Roswell

ATLANTA, Ga. --- Whitney Knoll, Fred Victor and Mark Hillis of Newmark Knight Frank’s Southeast Capital Group brokered the $14.6 million sale of Centennial Village- Phase II (CV-II), located at 2342 Holcomb Bridge Rd. in Roswell.

Rothenberg Rosenfield, Ltd. acquired the retail center from M&J/Centennial, LLC, said Knoll, a principal who heads the Southeast Capital Markets Group at Newmark Knight Frank.

Knoll, Victor and Hillis represented M&J Wilkow in the transaction.

The 99 percent leased, 117,392 square foot neighborhood retail center is anchored by Kohl’s and Petco.

“The Purchaser was a natural fit for the acquisition of CV-II since they own the first phase of the development,” Knoll said.

“Combining the first and second phase of Centennial Village creates significantly higher long-term investment returns for ownership,” Knoll said.

The transaction involved a CMBS loan assumption of $11.2 million.

“The extensive CMBS loan assumption process presented the only obstacle throughout the transaction,” said Victor.