Golden, Colo., Charlotte, N.C. and Lithonia, Ga. — Marcus & Millichap has arranged the sale of three retail properties in Colorado, North Carolina and Georgia. Dispositions include an Advance Auto Parts location at 17151 South Golden Road in Golden, Colorado; a Dollar General location at 3708 Oakdale Road in Charlotte, North Carolina; and a Napa Auto Parts located at 7227 Covington Highway in Lithonia, Georgia. The three properties were purchased in one transaction by an undisclosed publicly-traded real estate investment company. Drew Isaac of Marcus & Millichap represented the seller, …
Douglasville, Ga. — SRS’ Investment Properties Group has brokered the sale of Douglasville Marketplace, an 86,166-square-foot shopping center located in Douglasville. The seller, a family office out of Dallas, sold the property for $11.6 million to Continental Property Group LLC. Kyle Stonis and Pierce Mayson of SRS represented the seller and the buyer was self-represented in the transaction. Built in 2000 on 9.4 acres, Douglasville Marketplace was fully occupied at the time of sale by tenants including Kaiser Permanente, Ashley Homestore and Best Buy. The property is shadow-anchored by Lowe’s …
Roswell, Ga. — JLL Capital Markets has arranged the $39.1 million sale of King’s Market, a 281,064-square-foot retail center in Roswell, roughly 21 miles outside Atlanta. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL marketed the property on behalf of the seller, The Mimms Family. Brixmor Property Group purchased the center. Anchored by Publix, King’s Market was 75 percent occupied at the time of sale by tenants including Frontgate Furniture Outlet, Sky Zone and TK Volleyball.
Savannah, Ga. — Newmark has arranged the $22.5 million sale of Victory Crossings, a fully-leased, multi-tenant shopping center in Savannah. Mark Joines, Henry Kushner and Drew Fleming of Newmark represented the seller, Morley Investment Group LLC. Situated on approximately 6.9 acres at 1800 E. Victory Drive, Victory Crossings is anchored by Floor & Decor. The center also includes two single tenant outparcel buildings leased to IHOP and Verizon Wireless. Additional major tenants include Orange Theory, Comcast, Hertz, Baldino’s and Benchmark Physical Therapy.
Atlanta — Fin & Feathers, an American soul food restaurant owned by Damon Johnson, will open a new 5,400-square-foot location at 1136 Crescent Ave. in Midtown Atlanta. Bryan Davis of Ackerman & Co. represented Fin & Feathers in the transaction. The space was formerly occupied by Tin Lizzy’s Cantina. The restaurant is slated to open in February.
Athens, Ga. — Marcus & Millichap has brokered the sale of a property occupied by CVS/pharmacy located at 795 Oglethorpe Ave. in Athens. An undisclosed buyer purchased the 14,781-square-foot property for $9.1 million. Don McMinn of Marcus & Millichap’s Taylor McMinn Retail Group represented the undisclosed seller.
Stone Mountain, Ga. — First National Realty Partners has acquired Crowe’s Crossing, a 93,728-square-foot shopping center in Stone Mountain. The seller and sales price were not disclosed. Located at 1232 South Hairston Road, the property is situated approximately 12 miles east of downtown Atlanta. The shopping center was 97 percent occupied at the time of sale and anchored by a 45,528-square-foot Kroger Supermarket. The other tenants were not disclosed.
Stone Mountain, Ga. — First National Realty Partners has acquired Crowe’s Crossing, a 93,728-square-foot shopping center in Stone Mountain. The seller and sales price were not disclosed. Located at 1232 South Hairston Road, the property is situated approximately 12 miles east of downtown Atlanta. The shopping center was 97 percent occupied at the time of sale and anchored by a 45,528-square-foot Kroger Supermarket.
Gainesville, Ga. — Bridge33 Capital has sold Westbrook Plaza, a 49,364-square-foot retail center in the Atlanta suburb of Gainesville, for $8.7 million. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller in the disposition of the property to Collett Capital. Constructed in 2006 and anchored by Best Buy, the center was fully leased at the time of sale to tenants including Burn Boot Camp, Mattress Firm, WNB Factory, Pazzi’s Pizza, Paris Nails and Pet Pleasers Bakery.
Atlanta — Four restaurants are set to open at mixed-use project Westside Paper during the second quarter of 2022 in Atlanta’s West Midtown. The four restaurant tenants include Pancake Social, Glide Pizza, Girl Diver and Boxcar Betty’s. A joint venture between Third & Urban and FCP is developing the project, which is a 245,000-square-foot adaptive reuse of a former 1950s-era warehouse facility. Bridger Properties is managing leasing on behalf of the development team.