Thomasville, Ga. — Stan Johnson Co. has brokered the $4 million sale of Thomasville Center, a 23,000-square-foot retail center located at 14669 U.S. 19 in Thomasville. The property was fully leased to Planet Fitness and DaVita at the time of sale. Brett Puckett and Ryan Roedersheimer of Stan Johnson Co., with support from Analyst Caleb Edwards, represented the seller, Vantage Thomasville Center LLC. Hawk’s Landing LLC purchased the property.
Stonecrest, Ga. — Marcus & Millichap has brokered the $2.4 million sale of Evanswood Shopping Center, 58,000-square-foot retail property located in the Atlanta suburb of Stonecrest. Tim Giambrone of Marcus & Millichap led his team in advising both the buyer, Vishal Evanswood LLC, and the seller, a local investor based in Roswell, in the transaction. Evanswood Shopping Center anchored by Dollar General and the YMCA. The property is located at 2906-2926 Evans Mill Road, just west of the 1.3 million-square-foot Mall at Stonecrest, which is anchored by Dillard’s and Macy’s.
Marietta, Ga. — SRS Real Estate Partners has brokered the $11 million sale of Market Square, a 137,889-square-foot shopping center located at 2932 Canton Road in Marietta. The center sits on 13.4 acres and houses tenants such as Big Lots, Ace Hardware and Planet Fitness. A privately held entity doing business as MSQ Realty LLC purchased the asset from an entity doing business as Wood Marietta Center LLC. Kyle Stonis and Pierce Mayson of SRS represented the seller in the transaction, and the buyer was self-represented.
Alpharetta, Ga. — Stan Johnson Co. has brokered the sale of Windward Square, a 11,166-square-foot shopping center located at 5215 Windward Parkway in the northern Atlanta suburb of Alpharetta. Jeff Enck of Stan Johnson Co. represented the 1031 exchange buyers, a group of private investors based in Georgia. Penn Hodge Properties sold the property for more than $3.2 million. Windward Square was fully leased to six tenants at the time of sale, including Verizon Wireless and Eye Level Learning Center. Originally constructed in 2003, the center is shadow-anchored by Costco and has other …
Carrollton, Ga. — Avison Young has brokered the $4.9 million sale of a 12,961-square-foot single-tenant retail property occupied by CVS/pharmacy at 2125 Maple St. in Carrollton. Chris Maling and David Maling of Avison Young represented the buyer, Laguna Monarch Group Inc., in the transaction. Cushman & Wakefield represented the seller, an undisclosed private equity group. CVS/pharmacy has occupied the site since 2006 and has 19 years remaining on its triple net lease.
Athens, Ga. — SRS has brokered the sale of Athens West, a 178,930-square-foot shopping center in Athens anchored by Big Lots, America’s Thrift, American Freight, BioLife and Citi Trends. SomeraRoad sold the property for $16 million to Trinity Apex LLC. Kyle Stonis and Pierce Mayson of SRS represented the seller, and the buyer was self-represented in the transaction. Additional tenants at the property include Anytime Fitness, CiCi’s Pizza, Metro PCS, H&R Block, Direct Insurance and Domino’s Pizza.
Atlanta — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the $54.6 million sale of a portfolio of 35 Dollar General-leased stores across 12 states. Don McMinn of Taylor McMinn represented the seller, CMK Properties, a privately-held real estate investor and syndicator based in Brentwood, Tennessee. The buyer was Realty Income, a net lease REIT based in San Diego. Dollar General occupies each property under a triple-net lease with roughly 10 years remaining on each term. “This transaction illustrates the current peak demand for Dollar Generals in the market …
Roswell, Ga. — Saglo Development Corp. has acquired Stonebridge Square, a 160,391-square-foot shopping center located at 620 West Crossville Road in the Atlanta suburb of Roswell. Saglo purchased the 18.6-acre property through its investment entity Stonebridge SDC LLC from an affiliate of RCG Ventures and its New York City-based joint venture partner. Adam Lustig of Bilzin Sumberg represented the buyer and Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the sellers in the transaction. First Horizon Bank provided financing for the acquisition. Kohl’s and Michaels anchor Stonebridge Square, …
Atlanta — Mark Toro, who formerly led North American Properties’ (NAP) Atlanta division, is launching Toro Development Co. This company will be aimed at acquiring outdated sites such as dead malls and transforming them into better mixed-use properties. The firm is not just focused on enclosed malls, but also suburban office parks, shopping centers and industrial sites. John Kelley, Richard Munger and Vicky Boyce are joining Toro’s development team as partners. The trio all played a role in ground-up and redevelopment projects at NAP, including Avalon, Atlantic Station, Colony Square …
Atlanta — North American Properties has completed the redevelopment of Colony Square, a mixed-use project located at the intersection of 14th and Peachtree streets in the Midtown neighborhood Atlanta. The project included renovations on two existing buildings totaling 200,000 square feet, and the ground-up development of a movie theatre and Politan Row food hall, as well as two new Class A office buildings with street-level retail. General contractor Hoar broke ground on Phase I of the multi-phase project in October 2017. In total, Colony Square offers 940,000 square feet of …
