Charleston-based Bond Street REIT acquires Atlanta retail center

Bond Street REIT, headquartered at Morrison Yard on Charleston’s peninsula, has acquired Marketplace Terrell Mill in Atlanta, according to a news release.

The acquisition of the four-tenant convenience retail center underscores Bond Street’s commitment to identifying properties with convenient access, high visibility, diverse tenant line-up and dense population base, the release stated.

“We are thrilled to expand our portfolio and continue to enhance our presence in growth-centric southeastern markets,” said Luke Fox, head of portfolio dtrategy at Bond Street. “Several thanks to Bryan Belk of Franklin Street for brokering the deal.”

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Positioned along Powers Ferry Road and shadowed by a 90,000-square-foot Kroger shopping center and 298 Class-A apartments, the location welcomes sustained traffic and strong customer demand, the release stated. Less than three miles from Truist Park, the new home of the Atlanta Braves, the growing suburban market will serve the center and its tenants well for years to come.

Financial terms of the acquisition were not disclosed.

The property was jointly developed by Connolly Investment and Development, along with Eden Rock Real Estate Partners.

Bond Street REIT is a perpetual life, private NAV real estate investment trust whose portfolio is exclusively invested in the convenience retail sector, according to the release. The leading owner of Class A convenience retail shopping centers across the southeast, Bond Street acquires and manages a carefully curated portfolio of open air strip centers in southern markets.

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