Savannah, Ga. — Madison Commercial, an affiliate of Madison Capital Group, has completed the sale of a Chick-fil-A outparcel at its mixed-use redevelopment of the former Sears and Sears Auto Center site at Oglethorpe Mall in Savannah. The transaction marks the final piece of the company’s retail component at the mixed-use development. Along with Chick-fil-A, Madison Commercial has leased and sold all three retail outparcels at the property, including Jim ‘N Nick’s Bar-B-Q and Valvoline Instant Oil Change. The outparcels are situated adjacent to Oglethorpe Mall and Madison Oaks, a …
Douglasville, Ga. — Marcus & Millichap Capital Corp. (MMCC) has arranged $5 million in financing for Douglasville Crossroads, a 42,720-square-foot retail property located in Douglasville, roughly 22 miles west of Atlanta. David Johnson of MMCC secured the seven-year, non-recourse loan through a national bank on behalf of a private client. Douglasville Crossroads was fully leased at the time of sale to tenants including Dollar Tree, Cato, It’s Fashion, H&R Block, a nail salon and furniture store, as well as several restaurants. Walmart and Sam’s Club shadow anchor the property.
Tucker, Ga. — Marcus & Millichap has brokered the $4.7 million sale of a 2,200-square-foot, net-leased retail property located in Tucker, roughly 20 miles northeast of Atlanta. The property, which is currently under construction, is located at 3925 Lavista Road and will be occupied by Fifth Third Bank upon completion. Fifth Third Bank has more than 1,100 locations in 11 states. Alan Cafiero of Marcus & Millichap procured the 1031 exchange buyer. John Leonard was the firm’s broker of record in Georgia.
Sandy Springs, Ga. and Naples, Fla. — Indianapolis-based Kite Realty Group (KRG) has acquired two shopping centers in Florida and Georgia for $136 million. The first property is Chastain Market, a 121,000-square-foot, Trader Joe’s-anchored neighborhood center in Sandy Springs, that sold for $71 million. The second property is The Pointe at Founders Square, an 86,592-square-foot retail center located within the Founders Square mixed-use development in Naples. The unanchored center sold for $65 million. In addition to the acquisitions, KRG has also sold a six-property retail portfolio across four states for $255 …
Dunwoody, Ga. — JLL has signed leases with four new tenants at The Shops at Dunwoody, a 95,287-square-foot retail center located in Dunwoody, a suburb of Atlanta. Totaling 8,600 square feet, the new tenants include Beyond Juicery + Eatery, JETSET Pilates, Tenkku Sushi and SWEAT440. All tenants are expected to open throughout the summer and fall of 2026. Additional deals are currently under negotiation and are expected to be announced later this summer. Charlotte-based Asana Partners acquired the shopping center in March 2025 for $27.5 million and has since refreshed the …
Atlanta — Newmark has negotiated the sale of Madison Yards, a 162,500-square-foot neighborhood center located in Atlanta’s Reynoldstown neighborhood. Delivered in 2018, Madison Yards is anchored by Publix and was 97 percent leased at the time of sale. Other tenants include a mix of national and local tenants across food and beverage, fitness and entertainment, as well as one of the highest-performing AMC Theatre locations in Georgia, according to Newmark. Conor Lalor, Kyle Minter, James Sharpe and Cameron Alexander of Newmark represented the seller in the transaction.
Chamblee, Ga. — JLL Capital Markets has negotiated the sale of Peachtree Station, a 106,388-square-foot shopping center located in Chamblee, a northeast suburb of Atlanta. Jim Hamilton, Brad Buchanan, Andrew Kahn, Andrew Michols, Charlie Merrigan, Anton Serafini and John Perry Hilton of JLL represented the seller, Chicago-based Harrison Street Asset Management, in the transaction. Boston-based TA Realty was the buyer. A 45,136-square-foot Whole Foods Market anchors Peachtree Station, which was fully leased at the time of sale. Additional tenants at the property include Starbucks Coffee, Chipotle Mexican Grill, Cava, Verizon Wireless …
Savannah, Ga. — The Ardent Cos. has signed Sprouts Farmers Market to anchor Crossroads Shopping Center, a 92,000-square-foot retail center located in Savannah. Ardent will redevelop 28,000 square feet for the addition of Sprouts Farmers Market, as well as a second retail suite. In addition to repositioning the tenant mix, the Atlanta-based real estate firm will also upgrade the property’s façade. Demolition is expected to begin this summer, with a targeted opening in 2027.
Baltimore and Hillard, Ohio — Continental Realty Corp. has purchased a 14-property shopping center portfolio located across seven states in the Southeast and Midwest. The Baltimore-based firm purchased the more than 2 million-square-foot portfolio from Hillard-based US Properties Group for an undisclosed price. Chris Decoufle and Kevin Hurley of CBRE represented the seller in the off-market transaction. The acquisition grows Continental Realty’s holdings to nearly $5 billion in assets under management and expands its geographic footprint to 16 states, including its entry into Ohio. The portfolio was 93 percent leased at …
Cedartown, Ga. — Atlanta-based Delza Properties and CedarPlaza Partners have acquired Cedar Plaza, an 83,300-square-foot retail center located in Cedartown, approximately 55 miles west of Atlanta, for $10.3 million. Situated at 720-730 N. Main St., Cedar Plaza is anchored by Kroger. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship. The new owners plan to enhance the property with the potential addition of a drive-thru quick-service restaurant, along with complementary inline retail, medical and restaurant space. Mark Joines and Drew Fleming of …
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