Georgia

Fountain-Oaks_Sandy-Springs

Sandy Springs, Ga. and Tamarac, Fla. — Jamestown has purchased two grocery-anchored shopping centers totaling roughly 284,000 square feet. The acquired properties include Fountain Oaks — a 160,000-square-foot, Kroger-anchored center in Sandy Springs, Georgia — and Tamarac Town Square, a 124,000-square-foot, Publix-anchored center located in Tamarac, Florida. The properties were 92 percent and 84 percent leased at the time of sale, respectively. Edens sold Fountain Oaks for an undisclosed price, and Regency Centers sold Tamarac Town Square for an undisclosed price. JLL represented both sellers in the transactions. Jamestown plans to …

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JCPenney

Houston — Houston-based Partners Real Estate has arranged the sale of three JCPenney-occupied retail properties totaling 302,161 square feet. The stores are located in Newnan, Georgia; Kissimmee, Florida; and Aurora, Colorado. Dimitri Jordan of Partners represented the buyer in the transaction. 

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The-Center_Atlanta

Atlanta — CP Group has rebranded CNN Center, an iconic 1.2 million-square-foot office and retail building in downtown Atlanta, to The Center. The property has served as the headquarters for CNN for over 40 years and also features a large food court on the ground level that connects to State Farm Arena, home arena of the NBA’s Atlanta Hawks. The site also includes the Omni Atlanta Hotel at Centennial Park. CP Group plans to overhaul the former CNN Center to become a hub of world-class retail, dining, content creation and …

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Braselton, Ga. — Branch Properties has acquired a site in Braselton for the development of Braselton Village, a 70,987-square-foot retail center. A 48,387-square-foot Publix will anchor the 20-acre development. The center will also feature five outparcels ranging from one to two acres. Completion is scheduled for the second quarter of 2025. 

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Goldmine-Village_Dahlonega-Ga

Dahlonega, Ga. — Marcus & Millichap has brokered the $4.4 million sale of Goldmine Village, a 28,000-square-foot retail center located in Dahlonega. Walmart anchors the property, which was fully occupied at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the buyer, an entity doing business as AGW Goldmine LLC, in the transaction.  “This is a great long-term investment for our client,” says Abbott. “Dahlonega is a unique market in that it is directly in North Atlanta’s path of growth, but it’s tough to find inventory …

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Centennial-Yards_Atlanta

Atlanta — Centennial Yards Co., a development entity owned by CIM Group, has unveiled plans for a new entertainment district that will comprise the next phase of its $5 billion Centennial Yards mixed-use destination in downtown Atlanta. Spanning eight acres adjacent to Mercedes-Benz Stadium and State Farm Arena, the mixed-use entertainment will span 480,000 square feet across four buildings, in addition to a fan gathering area that the developer says will be heavily utilized during the games held in Atlanta during the 2026 FIFA World Cup. Designed by Gensler, the new …

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Atlanta — Two restaurants will open at Uptown Atlanta, a 47-acre mixed-use development in Atlanta. J’ouvert Caribbean Kitchen and El Gordo are both scheduled to open this week, marking the first food-and-beverage openings at the property. Concepts Bene Korean, White Windmill and Madre Selva have also signed leases at the development. Rubenstein Partners is the developer and landlord. 

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Medley_Johns-Creek

Johns Creek, Ga. — Toro Development Co. has acquired 43 acres in the northern Atlanta suburb of Johns Creek for its upcoming Medley mixed-use development. Toro purchased the parcel for $44 million. Currently, the property features a four-story office building, as well as the site of another, demolished office building and surface parking. Plans for Medley include 200,000 square feet of retail, restaurant and entertainment space, in addition to office and residential space and a central green space. Tenants at the development will include Ford Fry’s Little Rey, CRÚ Food & …

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Carrollton, Ga. — Stratus Property Group has acquired a 38,000-square-foot shopping center located downtown Carrollton, roughly 45 miles west of Atlanta. The purchase included three acres of land. Tenants at the property include Shuckers Oyster House and Sutton’s American Grill. Stratus Property Group plans to reimagine the center, in collaboration with the City of Carrollton. 

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Sandy Springs, Ga. —CHEF’STORE has signed a 28,000-square-foot lease in Sandy Springs, a northern suburb of Atlanta. The retailer, which caters to food industry professionals and at-home chefs, will occupy space within City Center Crossing, a 98,048-square-foot shopping center. First National Realty Partners (FNRP) is the landlord. The store, which is scheduled to open this year, marks the first in metro Atlanta for CHEF’STORE. FNRP purchased City Center Crossing in 2021. Other tenants at the center include Planet Fitness, Gold Fish Swim School and Hudson Grille.

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