Marietta, Ga. — North American Properties (NAP) has acquired The Avenue East Cobb, a 230,000-square-foot retail development in Marietta. The seller and sales price were not disclosed. The property’s tenant roster features national brands such as lululemon atheltica, Sephora, Pottery Barn, Simply Mac, Bed Bath & Beyond and Williams Sonoma, as well as regional concepts such as High Country Outfitters, Stockyard Burgers & Bones and Tin Lizzy’s Cantina. NAP’s repositioning plan calls for the addition of a central event lawn surrounded by restaurants with patios. Built in 1999, Avenue East …
Roswell, Ga. — Principal Real Estate Investors has sold Coleman Village, a 90,981-square-foot, Kroger-anchored shopping center in the suburban Atlanta city of Roswell. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller in the transaction. The Georgetown Co. acquired the property for $20.8 million. Situated on 12.2 acres at 800 Marietta Highway, Coleman Village was 97 percent leased at the time of sale. The tenant roster includes Starbucks, El Porton Mexican Restaurant, Attitude Fitness and Mavis Tire.
Atlanta — Atlanta is a city that is always evolving. Even prior to the pandemic, rapid change seemed to be the one constant thing about the market. This continues to be true today; from downtown to the furthest suburban reaches, Atlanta’s retail landscape is vibrant with new brands and ambitious projects. One of the most notable areas of growth in greater Atlanta is the expansion of single-tenant operators, especially quick-service restaurants. New national players such as Whataburger and Raising Cane’s are entering the metro Atlanta market, as other popular chains …
Atlanta — Developer North American Properties (NAP) has opened Politan Row, a new food hall at its newly redeveloped Colony Square mixed-use project in Midtown Atlanta. The food hall is located at the corner of 14th and Peachtree streets and features space for 11 independent food and beverage concepts, a central bar, an event space and a hidden bar. An entity known as Politan Group operates the food hall. The nine open purveyors at Politan Row include Belli Pizzeria, Bun Mi Grill, Federal Burger, Gekko, Locale Cafe, Pretty Little Tacos, …
Winder, Ga. — Stan Johnson Co. has brokered the sale of a 10,947-square-foot retail center located at 102 North Broad St. in Winder. At the time of sale, Bank of America Center was more than half occupied by Bank of America and has two vacant tenant spaces. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the seller, a private investor from Watkinsville, Georgia. The buyer, a developer from Atlanta, was represented by Jeff Enck of Stan Johnson Co. The property traded for more than $1 million, representing a …
Atlanta — Vertical construction has begun at Echo Street West, a 19-acre mixed-use development by Lincoln Property Co. at the intersection of Donald Lee Hollowell Parkway and Northside Drive in Atlanta. At completion, the multi-phase project will include 300,000 square feet of creative office space, 50,000 square feet of retail and restaurant space, 292 multifamily units, event space and 3.4 acres of outdoor entertainment and green space. An event venue named Guardian Works recently opened at the property. Phase one of Guardian Studios and CoLab, a neighborhood creative office space …
Covington, Ga. — TrueRate Services has arranged a $9.3 million refinancing for the final phase of Covington Town Center, a mixed-use development spanning 180 acres in Covington, roughly 35 miles east of Atlanta. Dan Gorczycki of TrueRate secured the financing through Thorofare Capital on behalf of the sponsor, an entity doing business as Covington Town Center LLC. The loan will be used for vacant retail parcels within the Town Center. Comprising 54.5 acres, the final phase of Covington Town Center includes retail outparcels that will be sold to individual retailer. …
Roswell, Ga. — JLL Capital Markets has brokered the $37.6 million sale of Roswell Market Place, a fully leased, 95,522-square-foot shopping center in the metro Atlanta city of Roswell. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the locally based seller, Branch Properties LLC, in the sale. East Coast Acquisitions purchased the property. Roswell Market Place is located at 10800 Alpharetta Highway. Built in 1986 and most recently renovated in 2015 and 2016, the center is anchored by Sprouts Farmers Market. The tenant roster also includes Starbucks, Chipotle, …
Atlanta, Ga. — Stan Johnson Co. has brokered the $5.3 million sale of Villages at Camp Creek, a 9,633-square-foot shopping center in Atlanta. Jeff Enck of Stan Johnson Co. represented the seller, a local private investor, in the disposition of the property to a group of individual investors from Georgia. Both parties were involved in 1031 exchanges. Located at 3530 Camp Creek Parkway, Villages at Camp Creek was fully leased at the time of sale to tenants including Verizon Wireless and American Deli. The center is located near Camp Creek …
Woodstock, Ga. — Continental Realty Corp. has acquired The Summit at Towne Lake, a 59,772-square-foot shopping center anchored by LA Fitness in the Atlanta suburb of Woodstock, for $11.6 million. Bryan Belk of Franklin Street represented both the buyer and the seller, a joint venture between RCG Ventures and DRA Advisors, in the transaction. Constructed in 2009, the center is located at 2060 Eagle Drive within the Towne Lake master-planned community. The property is 98 percent occupied by tenants including Marco’s Pizza, Palm Beach Tan and Family Orthodontics. The approximately …