JLL Capital Markets announced today that it has closed the $12 million sale of Publix at Gunn Battle, an 80,675-square-foot, Publix-anchored retail center located in Warner Robins, Georgia.
JLL represented the seller, Garner Group. The asset was acquired by a joint venture between Forge Capital Partners and The Sembler Company.
Publix at Gunn Battle was built in 2010 and was 93% occupied at the time of sale. The property is anchored by a high-performing Publix that compliments a diverse and well-curated mix of shop tenants designed to cater to the surrounding neighborhoods.
Located at 6015 Watson Blvd, the property is strategically positioned at the entrance to Warner Robins main retail corridor with over 3.5 million square feet of retail space and benefits from excellent visibility along Watson Boulevard with over 27,000 vehicles passing by the property each day. Additionally, The center is located just seven miles from Robins Air Force Base, the largest single-site industrial complex in Georgia.
The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Director Brad Buchanan, Senior Managing Director Jim Hamilton and Associate Andrew Kahn.
“Publix at Gunn Battle is a dynamic, grocery-anchored retail center that boasts a unique mix of shop tenants combined with a high-performing Publix,” said Buchanan. “The property is well-positioned for long term success given the population growth within the immediate area.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
About Forge Capital Partners
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a solid track record as an acquirer and operator of commercial real estate, specializing in grocery anchored retail shopping centers throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily transactions.
About The Sembler Company
The Sembler Company, formed in 1963, is one of the premiere full-service real estate companies in the United States. Specializing in commercial retail development, Sembler has developed over 300 properties throughout the Southeast and Puerto Rico, consisting of 27 million square feet and including 44 Publix-anchored centers and 25 Target-anchored centers. The company currently manages and leases over 10 million square feet of company owned and third party retail properties.
About Garner Group
An Atlanta based commercial real estate company focusing on value-add and core-plus investments.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
