Northridge Shopping Center | Atlanta
Purchased by ZR Northridge in 2003 and sold in 2007, Northridge is a 75,792 square feet Kroger-anchored neighborhood retail center.
Northridge Shopping Center was originally developed in 1983 and renovated in 2003. The renovations included upgrading the store-front facades, signage, landscaping, lighting and parking lot to give new life to this retail center.
The shopping center was acquired because it is located at a prime North Atlanta retail location with a high residual value. Operational efficiency and leasing allowed for NOI growth and the ability to sell the asset at the peak of the market.