Kaysville, Utah — Utah-based indoor pickleball brand The Picklr will open 80 new venues across eleven states, including Arizona, Colorado, Florida, Georgia, Illinois, Minnesota, Nevada, Tennessee, Texas, Utah and Wyoming. The facilities will be opened in partnership with 13 new franchisees. “With seven corporate owned facilities, our first-mover advantage has undeniably led to a high level of interest from well capitalized candidates across the entire country,” says Scott Schubiger, chief growth officer of The Picklr.
Georgia
Savannah, Ga. — Terra Alma has begun leasing the retail space at a master-planned development currently underway in Savannah. Totaling 11,000 square feet, the space is situated within the EmmaJames at Savannah Harbor property along the Savannah River on Hutchinson Island, which also features apartments and townhomes. Amenities at the development will include a marina and outdoor concert theater. An undisclosed seafood concept has signed the first retail lease.
Albany, Ga. — Marcus & Millichap has arranged the $2.3 million sale of a 29,977-square-foot property located in Albany. Office Depot occupies 19,181 square feet of the building, which was constructed in 1997, on a net-lease basis. Mitch Grant and Nicholas Kanich of Marcus & Millichap brokered the transaction on behalf of the seller, an undisclosed private investor. Robby Pfeiffer of Marcus & Millichap secured and represented the buyer, a limited liability company.
Cumming, Ga. — Atlantic Capital Partners has brokered the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center located in Cumming, a northern suburb of Atlanta. Justin Smith, Fred Victor, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the institutional seller and secured the buyer. Built in 2001, Sharon Greens spans 98,301 square feet and was 98 percent leased at the time of sale to 21 tenants, including Kroger, Chase Bank and Heartland Dental.
Atlanta —The Shopping Center Group (TSCG) has acquired Rosenthal Properties. Founded in 1999, Rosenthal Properties includes 65 people overseeing more than 100 commercial properties and manages more than 7 million square feet of retail space. “We’ve grown our company strategically through a combination of organic growth and acquisition of market leading firms in territories that complement our existing strengths…and we’re thrilled to have the Rosenthal team join us.” TSCG now operates more than 21 regional offices with more than 300 associates.
Acworth and Woodstock, Ga. — First National Realty Partners (FNRP) has acquired a shopping center portfolio totaling 227,618 square feet across two properties in Georgia. The first shopping center, Cherokee Commons, is located in Acworth and comprises 103,835 square feet. A 66,918-square-foot Kroger anchors the property. Other tenants include Pet Supplies Plus, CosmoProf, Fit Body Boot Camp and Jackson Hewitt. Located in Woodstock, Village Shoppes of East Cherokee totals 123,783 square feet. Tenants at the center, which is anchored by a 44,840-square-foot Publix, include Dollar Tree, Workout Anytime, Huntington Learning Center …
Atlanta and New York City — Chick-fil-A has announced plans for two new restaurant concepts. Beginning in 2024, the brand will open an elevated drive-thru concept in metro Atlanta as well as a walk-up restaurant in New York City. Both concepts are designed to enhance efficiency and convenience, with plans for the drive-thru restaurant including a kitchen built above the drive-thru lanes and dedicated lanes for mobile orders. Targeted toward urban areas with heavy foot traffic, the walk-up concept will allow guests to order through the Chick-fil-A app and pick up …
Peachtree Corners, Ga. —North American Properties (NAP) has partnered with Politan Group to open a 10,000-square-foot food hall at The Forum Peachtree Corners, a mixed-use redevelopment in metro Atlanta. Scheduled to open in summer 2024, Politan Row at The Forum marks the second food hall for the partnership, following the opening of Politan Row at Colony Square in Midtown Atlanta two years ago. Bell-Butler is designing the food hall, which will feature space for seven independent food-and-beverage concepts, a bar, private event venue and an outdoor patio fronting the greenspace.
LaGrange, Ga. —Marcus & Millichap has brokered the $3.3 million sale of a newly constructed single-tenant property in LaGrange. Chick-fil-A occupies the 5,000-square-foot property, which is as an outparcel to a new Publix-anchored shopping center, on a 15-year ground lease. Don McMinn of Marcus & Millichap’s Taylor McMinn Retail Group represented the undisclosed seller in the transaction.
High Bluff Capital to Acquire 81-Restaurant Hardee’s Portfolio
San Diego — High Bluff Capital Partners will assume ownership of a portfolio comprising 81 Hardee’s locations following an auction. Located in Alabama, Florida, Georgia, Kansas, Missouri, Montana, South Carolina and Wyoming, the restaurants were previously owned by franchisee Summit Restaurant Group, which filed for Chapter 11 bankruptcy in May of this year. The transaction is expected to close in August. Dave Dixon will oversee operation of the restaurants. “High Bluff is the ideal partner to support our efforts…while making critical investments in restaurant remodels and other initiatives to boost traffic …