Lawrenceville, Ga. — ShopOne Centers REIT Inc., with joint venture partners Pantheon and an institutional investor, has acquired Bethesda Walk, a 68,271-square-foot shopping center located in Lawrenceville, roughly 30 miles northeast of Atlanta. Walmart Neighborhood Market anchors the property, which was 98 percent occupied at the time of sale. Other tenants at the center include Subway, Wingstop and Metro by T-Mobile.
Lithia Springs, Ga.— CBRE has brokered the $4 million sale of Thornton Promenade, an 18,900-square-foot shopping center located in Lithia Springs, roughly 20 miles west of downtown Atlanta. Avis Car Rental, Domino’s Pizza and Metro PCS are tenants at the center, which was 92 percent leased at the time of sale. Craig Taylor of CBRE represented the seller, RAW Promenade LLC, in the transaction. Riverwood Properties represented the buyer, a private investor. Riverwood will also provide leasing and management services for the property.
New York City — A&G Real Estate Partners will auction eight Party City leases in its capacity as real estate advisor to the retailer. These leases — which include locations in Georgia, Iowa, Illinois, Louisiana, Michigan, New York, Texas and West Virginia — come in addition to 12 Party City leases announced for auction by A&G in late February. Ranging in size from 7,500 to 28,000 square feet, 18 total leases remain open. This move is part of Party City Holdco Inc. (PCHI)’s financial restructuring, which is expected to be …
Atlanta — Selig Enterprises has unveiled plans for the renovation and rebranding of Lenox Marketplace in Atlanta, now known as The Block at Phipps. The retail property spans 9.4 acres in the city’s Buckhead neighborhood. Renovations to the center are scheduled to begin in the second quarter of this year. Capital improvements will include the addition of a 30-foot open-air corridor to connect the sidewalk along Peachtree Road and the center’s parking deck. Selig, which acquired the property with its partner in 2020, also plans to transform the space along …
Decatur, Ga. — Colliers has arranged the sale of Sam’s Crossing, a 65,785-square-foot shopping center located in Decatur, a northeast suburb of Atlanta. Publix Super Markets anchors the center and was the buyer in the transaction. In addition to the new, 53,785-square-foot grocery store, tenants at the property include DECA Dental, Planet Smoothie, Jersey Mike’s and Jeremiah’s Italian Ice. Joe Montgomery, Scott Israel and Henry Kushner of Colliers’ Retail Investment Sales team represented the seller, Alliance Realty Services, in the transaction.
Atlanta — C3 (Creating Culinary Communities), a food technology platform, and Legends have announced plans for Citizens Market, a 25,000-square-foot food hall set to open at Phipps Plaza in Atlanta in April. Featured eateries at the food hall will include Umami Burger, Krispy Rice, Sam’s Crispy Chicken, Kumi, Sa’Moto, EllaMia, Cicci di Carne, Plant Nation, El Pollo Verde, Stonie Bowls, Frankly by Snap-O-Razzo, Tastemade Me Tacos and Citizens Pizza. The joint venture also has culinary markets planned for this year in Chicago and Miami, as well as a food hall …
Norcross, Ga. — Marcus & Millichap Capital Corp. (MMCC) has secured $10.8 million in financing for the acquisition of Peachtree Parkway Shopping Plaza, a 94,174-square-foot shopping center located in Norcross, roughly 20 miles northeast of Atlanta. Tenants at the property include Dollar General and Goodwill. Garrett Fierstein of MMCC secured the loan, which carries a 10-year, fixed rate and a 25-year amortization schedule.
Alpharetta, Kennesaw and Roswell, Ga. — Coro Realty and Pope & Land Enterprises have sold three shopping centers totaling 120,000 square feet in metro Atlanta. The joint venture acquired the properties as a portfolio in February 2020, purchasing them from Muntzing-Sattele. Most recently, the partnership completed the disposition of Brookside Station, a 23,500-square-foot retail center located Alpharetta, a northeast suburb of Atlanta. In August 2022 the partners sold Town Center Oaks, a 52,000-square-foot shopping center in Kennesaw, roughly 30 miles northwest of Atlanta. Mimms Enterprises acquired Mansell Oaks, a 43,000-square-foot …
Peachtree City, Ga. — Northmarq has arranged the $3.3 million sale of Governor’s Walk, a 21,280-square-foot shopping center located in Peachtree City, roughly 30 miles southwest of Atlanta. The property was fully leased at the time of sale, to tenants including Car Wash, Donut Shop, Peachtree Pawn, Fresh Smoothie Café, Mary Nails, Curves, Carolina Hemp Co., Southern Crescent Spa, Peachtree Wax Studio, La Plaza R&R Inc., Flooring Store, Men’s World Barber, Rene’e Paige Salon and M&R Alterations. Jeff Enck of Northmarq represented the Florida-based seller in the transaction. Enck also …
Peachtree City, Ga. — Northmarq has arranged the sale of Westpark Walk, a 73,847-square-foot retail center located in Peachtree City, roughly 30 miles south of Atlanta. A developer acquired the property, which was fully leased at the time of sale, for $15.2 million. Tenants at the center include Tuesday Morning, Verizon Wireless, State Farm, Firehouse Subs, HOTWORX, and Ranchero Mexican Grill. Jeff Enck and Emery Shane of Northmarq represented the seller, an individual investor, in the transaction.