Georgia

Smyrna, Ga. — South Coast Commercial has acquired Ivy Walk, a 42,499-square-foot neighborhood retail center located in the Atlanta suburb of Smyrna, for $18.5 million. Built in 2004, the property was 91 percent occupied at the time of sale by tenants including Muss & Turner’s, South City Kitchen, First Watch, Natural Body Spa and Children’s Healthcare of Atlanta. The center is located at the intersection of Atlanta Road and Cumberland Parkway, roughly 16 miles northwest of Atlanta. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL Capital Markets represented the …

Atlanta — Franklin Street has arranged the $8.4 million sale of Parkwood Shops, a 20,397-square-foot retail strip center located in Atlanta. The property is situated on 2.1 acres at 2014 SE Powers Ferry Road in Atlanta’s Cumberland neighborhood. CVS/pharmacy anchors the center, which was fully leased at the time of sale to tenants including Boston Market, Jersey Mike’s, Planet Smoothie, Piu Bello Pizzeria, Hikaru Ramen and Personal Touch Cleaners. Bryan Belk and John Tennant of Franklin Street represented the seller, Ronus Properties, in the disposition of the property to SITE …

Jonesboro, Ga. — Stan Johnson Co. has brokered the $9.3 million sale of a multi-tenant retail portfolio located roughly 17 miles south of Atlanta in Jonesboro. The portfolio includes the 69,868-square-foot Shops of Tara and a 4,164-square-foot outparcel occupied by Starbucks Coffee and AT&T. The properties are located at 6620 and 6564 Tara Blvd. Jeff Enck of Stan Johnson represented the seller, a private fund out of Australia, in the disposition of the properties to a Georgia-based investment group.