Covington, Ga. — Marcus & Millichap has brokered the $4.1 million sale of a newly constructed, two-tenant retail center located in Covington, about 36 miles east of Atlanta. Zach Taylor, Don McMinn and Eric Abbott of Marcus & Millichap represented the seller, WDG Real Estate Partners. Brian Munn, also of Marcus & Millichap, procured the buyer, a private Atlanta-based investor. Built in 2024, the 7,500-square-foot center is home to Peachtree Immediate Care and Mattress Warehouse. Both tenants occupy the property under corporate-guaranteed triple-net leases.
Georgia
Brookhaven, Ga. — Connolly, an Atlanta-based real estate developer and investor, has completed Parkside on Dresden, a $70 million mixed-use community located in Brookhaven, a northeast suburb of Atlanta. Situated on a 4-acre site, Parkside on Dresden includes 176 luxury apartments, seven townhomes, a six-level parking deck and 28,000 square feet of ground-level retail that is fully leased. Tenants include F45 Training Brookhaven, Balanced Aesthetics Medspa, Brookhaven Dance, Café Vendôme, CleanJuice Brookhaven, Confab Kitchen and Bar, El Valle, Greene’s Fine Foods, Honeysuckle Gelato, MIRAE, Stretch Lab and Sugarcoat Beauty. One 3,751-square-foot …
Johns Creek, Ga. — Toro Development Co. (TDC) plans to break ground on the second phase of Medley, a 43-acre mixed-use development under construction in the north Atlanta suburb of Johns Creek. TDC and Denver-based Ascentris closed on a $90 million construction loan earlier this month. The second phase, dubbed Encore, will feature an additional 408 apartments and 20,000 square feet of ground-floor retail. TDC has also added seven tenants to its lineup, bringing the total number of executed leases to 37, which represents 78 percent of the project’s retail space …
Dacula, Ga. — CenterSquare has sold the Shops at Hamilton Mill, a 43,518-square-foot retail center located in Dacula, an Atlanta suburb. The six-building center was fully leased to tenants including Wild Wing Café, J. Christopher’s, Kumon Learning Center and Pure Barre. Further details of the transaction were not disclosed.
Atlanta — Selig Enterprises has signed leases with three new tenants at The Works, an 80-acre mixed-use development located in Atlanta’s Upper Westside neighborhood. Two of the tenants — Summer Breeze Flowers & Gifts and The Food Work Shop, which originated from Chattahoochee Food Works — will open this spring, while The Body Creamery will launch as a brand new concept later this year. The Body Creamery will feature a front-of-house retail component, while the other half of the store will house a dedicated workshop for classes and private parties. …
JLL Negotiates $115 Million Sale of Grocery-Anchored Retail Portfolio Across Four States
Atlanta — JLL Capital Markets has acquired a 588,000-square-foot portfolio of grocery-anchored retail centers in Georgia, South Carolina, Virginia and New Jersey, for $115 million. The portfolio comprises seven retail properties: Hickory Flat Village in Canton, Georgia; Deshon Plaza in Stone Mountain, Georgia; Flat Shoals Crossing in Decatur, Georgia; Cascade Corners in Atlanta; The Plaza at Carolina Forest in Myrtle Beach, South Carolina; Kroger Plaza in Virginia Beach, Virginia; and Lewandowski Commons in Lyndhurst, New Jersey. The portfolio is 99.6 percent leased and features a mix of grocers including Publix, Kroger …
Dallas, Ga. — Chapel Hill, North Carolina-based Prudent Growth Partners has sold River Pointe Commons, a 22,665-square-foot neighborhood center in Dallas, roughly 30 miles northwest of downtown Atlanta, for $6 million. Built in 2006 and renovated in 2016, River Pointe Commons features a mix of tenants including Life Smiles Dental, New Hope Animal Hospital, H&R Block, Evan-Blake Salon and Johnny’s New York Style Pizza, according to LoopNet Inc. Prudent Growth Partners originally purchased the property in 2022 for $4.8 million.
Third & Urban Unveils Renovation Plans for Atkins Park Collection in Atlanta’s Virginia-Highland Neighborhood
Atlanta — Locally based Third & Urban has unveiled renovation plans for the Atkins Park Collection, a 61,120-square-foot retail portfolio located in Atlanta’s Virginia-Highland neighborhood. Third & Urban purchased the first phase of the Atkins Park Collection in December 2024, which totals 35,370 square feet along North Highland and St. Charles avenues. The firm acquired the second phase, which includes Neighbors, City Church and infill pieces of the block between Greenwood and St. Charles avenues, in September 2025. In partnership with the Virginia Highland District, Third & Urban is planning more than …
Sands Investment Group Brokers $23.4 Million Sale of Grocery-Anchored Center in Suburban Atlanta
Lawrenceville, Ga. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, grocery-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Kroger, Goodwill, …
Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Metro Atlanta
Roswell, Ga. — The Atlantic Cos. has secured construction financing and commenced construction on Hillrose Market, a 7-acre mixed-use development in downtown Roswell, a northern suburb of Atlanta. The financing includes debt from SouthState Bank and a revenue bond issued by the Roswell Downtown Development Authority. Patterson Real Estate Advisory Group arranged the financing. Located adjacent to City Hall with a walking trail connection to the city’s Canton Street district, Hillrose Market will comprise a six-building, 75,000-square-foot retail village surrounding a central greenspace, as well as an office building dubbed …