Preferred Apartment Communities Buys Kroger-Anchored Center in Metro Atlanta

Rockbridge Village is a Kroger-anchored, 102,432-square-foot retail center in Stone Mountain, Georgia. Rockbridge Village is a Kroger-anchored, 102,432-square-foot retail center in Stone Mountain, Georgia.

Stone Mountain, Ga. — Preferred Apartment Communities Inc. (PAC) has purchased Rockbridge Village, a 102,432-square-foot retail center in Stone Mountain, a suburb of Atlanta.

Situated at the intersection of Rockbridge and Five Forks Trickum roads, the shopping center is anchored by a 68,632-square-foot Kroger store. PAC purchased the asset through its subsidiary New Market Properties LLC for an undisclosed price. PAC financed the purchase using a $14.3 million loan provided by The Prudential Insurance Co. of America. The 10-year loan features a fixed interest rate of 3.75 percent. Rockbridge Village marks PAC’s 33rd grocery-anchored shopping center in its portfolio.

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