Georgia

Suwanee, Ga. — Stan Johnson Co. has arranged the sale of Suwanee Celebration Village, a 14,388-square-foot shopping center in the Atlanta suburb of Suwanee. Jeff Enck, Brian Lane and Emery Shane of Stan Johnson Co. represented the seller, a locally-based group of private investors. A McDonough, Georgia-based individual investor acquired the property for $5.1 million. Built in 2019, the center was fully leased at the time of sale to seven tenants including Verizon Wireless and ATI Physical Therapy.

Augusta, Ga. — JLL Capital Markets has arranged the $18.6 million sale of Crane Creek, a 58,249-square-foot neighborhood retail center located in Augusta. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller, a partnership between Mirabeland Investments and Concordia Properties, in the disposition of the property to Medipower Overseas. Greg Gaughan and Hunter Goldberg, also of JLL, secured acquisition financing through Ameris Bank on behalf of the buyer. Sprouts Farmers Market anchors the center, which was 96 percent leased at the time of sale to tenants including …

Woodstock, Ga. — Connolly has acquired Towne Lake Plaza, a 28,000-square-foot shopping center located 30 miles northwest of Atlanta in downtown Woodstock. Murchison Commercial Real Estate Inc. sold the center for $4.1 million. Built in 1990, the center was fully leased at the time of sale to tenants including J. Millers Smokehouse, The Blue Ghost Arcade, Gyro Aegean Grill, Alkaline Dry Bar, Dive Georgia and Wags & Wiggle Pet Boutique. Credit Union Business Services provided acquisition financing for the transaction. Retail Planning Corp. will manage the center and Connolly’s retail …

Thomson, Ga. — Stan Johnson Co. has brokered the sale of Thomson Plaza, a 96,495-square-foot retail center located at 308-324 W. Hill St. in Thomson, about 33 miles west of Augusta. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the seller, an entity doing business as Thomson Plaza LLLP, which had owned the grocery-anchored property for over 49 years. A private 1031 exchange buyer from Statham, Georgia, purchased the center for approximately $3.3 million. Thomson Plaza is a KJ’s Market-anchored community center situated on more than 10.5 acres. …

Atlanta — JLL Capital Markets has arranged the $16 million sale of Main Street South Fulton, a 129,449-square-foot, Kroger-anchored retail center in the Atlanta-area community of South Fulton. The center is fully leased to retailers including Dollar Tree, Rainbow USA, Pizza Hut and Subway. Located at 6055 Old National Highway, the center is approximately three miles south of Atlanta’s Hartsfield-Jackson International Airport. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL represented the seller, M&P Shopping Centers. Benjamin Bruner of the Bruner Group represented the buyer, Irgang Group Inc.

Sandy Springs, Ga. — First National Realty Partners has acquired City Center Crossing, a grocery-anchored shopping center located at 6331 Roswell Road in Sandy Springs, a northern suburb of Atlanta. City Center Crossing is a 98,408-square-foot asset that is 77 percent occupied. A 27,858-square-foot Lidl Supermarket that opened in May 2020 anchors the property. The seller and price were not disclosed. “We are extremely excited to not only acquire our first asset in the Atlanta Market but to also add Lidl to our portfolio, one of the most rapidly growing …

Decatur, Ga. — CBRE has arranged the sale of North Dekalb Mall in Decatur, about 8.6 miles east of downtown Atlanta. Sterling Organization sold the property for an undisclosed price. The buyer, EDENS, plans to redevelop the mall into a mixed-use property, according to The Atlanta Journal-Constitution. Located at 2050 Lawrenceville Highway, North Dekalb Mall is located on 76.7 acres at the intersection of Lawrenceville Highway and North Druid Hills Road. The enclosed mall’s tenants include AMC Theatres, Dollar Tree, Burlington and Marshalls. AMC Theatres has a maximum of six …

Sandersville, Ga. — Avison Young has brokered the $4.2 million sale of a 12,089-square-foot, retail property occupied by CVS/pharmacy at 206 S. Harris St. in Sandersville. Chris Maling and David Maling of Avison Young represented the buyer, 710 E. Katella. Cushman & Wakefield represented the seller, a private equity group from New York. Built in 2006, the single-tenant property is situated on just over 1.6 acres of land. CVS/pharmacy has occupied the space since 2006 and has 19 years remaining on its triple net lease.

Buford, Ga. — Transwestern Real Estate Services has arranged the $3.7 million sale of a 26,400-square-foot retail center located at 1995 Mall of Georgia Blvd. in the Atlanta suburb of Buford. Kevin Markwordt and Fred Victor of Transwestern represented the seller, Jack Rabbit Group LLC, in the disposition to a private investor. The center is located adjacent to Mall of Georgia.