Cumming, Ga. — JLL has signed four new tenants to join The Collection at Forsyth, a 565,000-square-foot open-air mixed-use lifestyle center located in Cumming. Build-A-Bear Workshop is already open at the property, while Rocket Fizz Soda Pop & Candy Shop are set to open by Halloween. Pickleball membership club The Picklr is scheduled to open in November. Meanwhile, children’s interactive play concept Giggle Town recently signed a 7,118-square-foot lease to open its own space at the center. Existing tenant Dermani Medspa has relocated to a larger 3,142-square-foot space at the center …
Georgia
Stockbridge, Ga. — A joint venture between ShopOne Centers REIT Inc., Pantheon and an undisclosed global institutional investor have purchased Stockbridge Lakes, a 78,605-square-foot shopping center located in Stockbridge, roughly 20 miles southeast of Atlanta. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports Marietta, Georgia-based Retail Planning Corp. was the seller. Publix anchors the shopping center, which also houses Burn Boot Camp, Great Clips, Dr. Brown Pediatric Dentistry and Domino’s Pizza. Stockbridge Lakes has approximately 9,000 square feet of available space.
Grayson, Ga. — West Palm Beach, Florida-based FrostPoint Capital has acquired Olde Towne Grayson, a 13,896-square-foot retail strip center in Grayson, a northeast suburb of Atlanta in Gwinnett County. The property, which FrostPoint is rebranding as Grayson Square, was fully leased at the time of sale to tenants including AutoZone, Lendmark Financial, Little Caesars Pizza, JB’s Barbershop and Katie’s Sports Bar & Grill. Marc Irvin and Matthew Welch of Marcus & Millichap brokered the transaction. The seller and sales price were not disclosed.
Connolly Underway on 118,000-Square-Foot Woodstock Mill District Shopping Center in Metro Atlanta
Woodstock, Ga. — Atlanta-based real estate developer and investor Connolly has begun construction on Woodstock Mill District, a 118,000-square-foot retail property located in the Atlanta suburb of Woodstock. The property is scheduled to open in phases throughout the second half of 2026. Woodstock Mill District will comprise 90,000 square feet of new retail space, including a 46,791-square-foot Publix Super Market that will serve as the anchor tenant. Additionally, the development will include six freestanding buildings ranging in size from 3,500 square feet to 13,750 square feet. Towne Lake Plaza, an …
Atlanta — Locally based 26th Street Partners has acquired Krog Street Market, a 30,000-square-foot adaptive reuse food hall and market in Atlanta’s Inman Park neighborhood, according to the Atlanta Business Chronicle. Charlotte-based Asana Partners sold the property, along with the adjacent Atlanta Stove Works, SPX Alley and Butler and Gravel buildings. The sales price was not reported, but Asana purchased the Krog District buildings in 2018 for $45.8 million. Paces Properties originally redeveloped the 1920s-era warehouse, which was also formerly used as the home of Tyler Perry Studios, into Krog Street …
Alpharetta, Ga. — Locally based TSCG has negotiated the $12.9 million sale of The Village at Park Bridge, a 28,701-square-foot strip center located in Alpharetta, roughly 26 miles north of Atlanta. Tenants at the center, which was 96 percent leased at the time of sale, include Starbucks, Jimmy John’s, Crumbl Cookies, Pepperoni’s Tavern, Kin No Tori Ramen Bar and Koi Kaiten Sushi. Originally built 2003, The Village at Park Bridge previously sold for $9.7 million in 2006. Anthony Blanco of TSCG represented the seller, Birmingham, Alabama-based Fairway Investments, in the …
Atlantic Capital Partners Sells 104,915-Square-Foot Shopping Center in Savannah, Georgia, for $35.8 Million
Savannah, Ga. — Atlantic Capital Partners has sold Twelve Oaks, a 104,915-square-foot neighborhood shopping center located in Savannah, for $35.8 million. The property was 99 percent leased at the time of sale. Publix anchors Twelve Oaks, which has operated at the site since 1992. Additional tenants include Sephora, Cold Stone Creamery, Great Clips, Five Guys Burgers & Fries, LensCrafters and Bonefish Grill. Twelve Oaks was built in 1985 and is situated on approximately 10 acres. Fred Victor of Capital Markets represented both the buyer, Downers Grove, Illinois-based InvenTrust, and the seller, …
Construction Underway on Phase One of Crossing at Coal Mountain Mixed-Use Development in Metro Atlanta
Cumming, Ga. — Construction is underway on Phase I of The Crossing at Coal Mountain, a 140-acre mixed-use development by Atlantic Residential in Cumming, a northern suburb of Atlanta. The project sits in the Coal Mountain region of north Forsyth County and will feature apartments, retail space and for-sale homes being developed in partnership with Toll Brothers. Atlantic Residential broke ground in July on the 47,000 square feet of shops, restaurants and entertainment space at the development, with plans to complete construction in summer 2026. Food-and-beverage concepts at The Crossing …
Cumming, Ga. — Seven new tenants have signed leases to join FrostPoint Capital’s Coal Mountain Shops, a 19,805-square-foot shopping center undergoing redevelopment in Cumming, a north Atlanta suburb. Phase I of the redevelopment is now fully leased, with the new tenants including PNC Bank, Wingstop, barre3, Kumon, Smoothie King, The Bagel Hole and Shape Nails. Details of Phase II of the redevelopment project were not disclosed. Sam Krueger and Kaitlyn Schoerner of Franklin Street handled leasing efforts on behalf of FrostPoint Capital, which purchased the center in May.
Atlanta and Chicago — Convenience retailer RaceTrac Inc. has entered into a definitive merger agreement to acquire all outstanding shares of fast-casual sandwich chain Potbelly Corp. for $17.12 per share. The all-cash transaction is valued at roughly $566 million, representing a premium of approximately 47 percent to Potbelly’s 90-day volume-weighted average price as of Sept. 9. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals. Founded more than 40 years ago in Chicago, Potbelly sells toasted sandwiches, salads, soups and hand-dipped …