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Paradise-Shoppes_Monroe
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $7.5 Million Sale of Shopping Center in Monroe, Georgia

by Hayden Spiess

Monroe, Ga. — Marcus & Millichap has brokered the $7.5 million sale of Paradise Shoppes, a 23,500-square-foot retail center located in Monroe, roughly 44 miles east of Atlanta. An unnamed private equity firm based in Tulsa purchased the shopping center in an all-cash transaction from the seller, a private equity partnership. Marc Irvin of Marcus & Millichap’s Atlanta office represented the seller in the transaction. Paradise Shoppes comprises two separate parcels, with one featuring a 5,300-square-foot building anchored by Truist Bank and Moe’s Southwest Grill. The other parcel comprises an 18,200-square-foot …

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Wawa_Brunswick
Company newsDevelopmentGeorgiaNews

Wawa Breaks Ground on Two Stores in Georgia, Plans 26 Locations in the State

by Hayden Spiess

Brunswick and Jesup, Ga. — Convenience store retailer Wawa has broken ground on two new stores in the state of Georgia. Scheduled to open later this year, the stores will be located in Brunswick and Jesup. The new shops mark the beginning of the brand’s expansion plans for southern and coastal Georgia, where it plans to build and open 26 stores over the next five to eight years. Future locations in the state include Hinesville, Pooler, Waycross, Bainbridge, Tifton, Valdosta and Albany. Wawa plans to invest roughly $7 million in the …

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ArizonaCaliforniaCompany newsFloridaGeorgiaIllinoisIndianaNebraskaNew JerseyNew YorkNewsNorth CarolinaOhioTexasWashington

Nordstrom to Open 26 New Nordstrom Rack Stores

by Hayden Spiess

Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.

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Gwinnett-Place-Mall_Duluth
DevelopmentGeorgiaMixed-useNews

Gwinnett County Partners with CBRE for Gwinnett Place Mall Redevelopment in Metro Atlanta

by Hayden Spiess

Duluth, Ga. — Gwinnett County has partnered with CBRE to redevelop Gwinnett Place Mall, a beleaguered regional mall in metro Atlanta. The county purchased 39 acres at the mall, including a shuttered Belk-Parisian department store, food court and inline retail space, in 2020 for $23 million. Other stakeholders in the nearly 1.3 million-square-foot mall include Northwood Ravin, which purchased the former Sears in 2018, and department store owner-operators Macy’s, Mega Mart and Beauty Master. Originally opened in 1984, Gwinnett Place Mall has served as filming locations for movies and TV series. …

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GeorgiaInvestment salesNews

FrostPoint Capital Acquires 46,767-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Kennesaw, Ga. — FrostPoint Capital has acquired The Shops at Shiloh Crossing, a 40,767-square-foot shopping center located in Kennesaw, roughly 30 miles outside of Atlanta. Conor Sweeney of Foundry Commercial represented both the buyer and seller in the $6.9 million transaction. FrostPoint plans to implement a complete renovation of the property. 

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Kyuramen_Alpharetta-Ga
GeorgiaLeasingNewsRestaurants

Kyuramen Opens 4,200-Square-Foot Restaurant in Metro Atlanta

by Hayden Spiess

Alpharetta, Ga. — Japanese ramen chain Kyuramen has opened a new restaurant in Alpharetta, a suburb of Atlanta. Totaling 4,200 square feet, the space can accommodate up to 110 guests. This marks the third location in the state for the brand, which currently operates 26 stores throughout the U.S., with plans to open 100 more restaurants by the end of 2024. 

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High-Street_Atlanta
DevelopmentGeorgiaLeasingMixed-useNews

Five Tenants Sign Leases at $2 Billion High Street Mixed-Use District in Atlanta

by Hayden Spiess

Atlanta — Five new tenants have signed leases at High Street, a $2 billion mixed-use district currently underway in Atlanta. The retailers will open within the first phase of the development, which will comprise 150,000 square feet of retail space. Eatertainment concept Jaguar Bolera will occupy 21,500 square feet, and restaurants Nando’s PERi-PERi and Velvet Taco will occupy 3,300 and 2,300 square feet, respectively. Allen Edmonds will also open at the property, with a 1,800-square-foot store, and Skin Spirit will open a 2,300-square-foot medical spa. GID Development Group is the developer …

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Smalls-Sliders
Company newsDevelopmentGeorgiaNewsRestaurants

Smalls Sliders Expands to 200 Restaurants

by Hayden Spiess

Atlanta — Atlanta-based cheeseburger concept Smalls Sliders has expanded, with 200 total restaurants now open or under development. The brand currently has stores, referred to as “Cans,” operating across Louisiana and Mississippi, with openings scheduled in 13 states throughout the Southeast and Midwest. “We look forward to continuing this path of growth, and hopefully announcing our next milestone of 300 Cans under development very soon,” says Maria Rivera, CEO of Smalls Sliders. 

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Shops-at-Covington-Town-Center_Covington-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Arranges Sale of 62,787-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Covington, Ga. — Cushman & Wakefield has arranged the sale of Shops at Covington Town Center, a 62,787-square-foot retail center located in Covington, roughly 35 miles outside Atlanta. Opened in 2023, the center is anchored by a 48,387-square-foot Publix, with an additional 14,400 square feet of retail space. A joint venture between The Sembler Co. and Berkeley Development was the developer and seller of the property, which is situated within a master-planned project featuring residential and hotel space. Margaret Jones, Lane Breedlove, Adam Feinstein, Mark Gilbert and Mitchell Halpern of Cushman …

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Fayette-Pavilion_Fayetteville
GeorgiaInvestment salesNews

CBRE Arranges Sale of 1.1 Million-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Fayetteville, Ga. — CBRE has arranged the sale of Fayette Pavilion, a 1.1 million-square-foot open-air retail center in Fayetteville, a city about 22 miles south of Atlanta. Fayette Pavilion is the largest open-air retail center in Georgia and also the most visited, with approximately 8.3 million annual visitors, according to CBRE. Developed on 106 acres from 1995 to 2003, the property is leased to tenants including Publix, Hobby Lobby, Burlington, Ross Dress for Less, Marshalls, PetSmart, Old Navy, pOpshelf, Dollar Tree and Five Below. Chris Decoufle, Kevin Hurley and Matt Karempelis …

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