Wednesday, January 15, 2025
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DevelopmentGeorgiaMixed-useNews

CP Group Rebrands 1.2 Million-Square-Foot CNN Center in Downtown Atlanta to The Center

by Katie Sloan

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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DevelopmentGeorgiaGrocery-anchoredNews

Branch Properties to Develop 70,987-Square-Foot Grocery-Anchored Retail Center in Braselton, Georgia

by Hayden Spiess

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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GeorgiaInvestment salesNews

Marcus & Millichap Brokers $4.4 Million Sale of Retail Center in Dahlonega, Georgia

by Hayden Spiess

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
DevelopmentEntertainmentGeorgiaMixed-useNews

Centennial Yards Co. Unveils Plans for 480,000-Square-Foot Entertainment District in Downtown Atlanta

by Hayden Spiess

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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GeorgiaLeasingMixed-useNewsRestaurants

Two Restaurants to Open at 47-Acre Uptown Atlanta Development

by Hayden Spiess

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
DevelopmentGeorgiaInvestment salesMixed-useNews

Toro Development Acquires 43-Acre Land Site in Metro Atlanta for Mixed-Use Project

by Hayden Spiess

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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GeorgiaInvestment salesNews

Stratus Acquires 38,000-Square-Foot Retail Center in Carrollton, Georgia

by Hayden Spiess

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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GeorgiaLeasingNews

CHEF’STORE Signs 28,000-Square-Foot Lease in Metro Atlanta

by Hayden Spiess

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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GeorgiaInvestment salesNews

Marcus & Millichap Brokers $7.5 Million Sale of Shopping Center in Monroe, Georgia

by Hayden Spiess

Monroe, Ga. — Marcus & Millichap has brokered the $7.5 million sale of Paradise Shoppes, a 23,500-square-foot retail center located in Monroe, roughly 44 miles east of Atlanta. An unnamed private equity firm based in Tulsa purchased the shopping center in an all-cash transaction from the seller, a private equity partnership. Marc Irvin of Marcus & Millichap’s Atlanta office represented the seller in the transaction. Paradise Shoppes comprises two separate parcels, with one featuring a 5,300-square-foot building anchored by Truist Bank and Moe’s Southwest Grill. The other parcel comprises an 18,200-square-foot …

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Company newsDevelopmentGeorgiaNews

Wawa Breaks Ground on Two Stores in Georgia, Plans 26 Locations in the State

by Hayden Spiess

Brunswick and Jesup, Ga. — Convenience store retailer Wawa has broken ground on two new stores in the state of Georgia. Scheduled to open later this year, the stores will be located in Brunswick and Jesup. The new shops mark the beginning of the brand’s expansion plans for southern and coastal Georgia, where it plans to build and open 26 stores over the next five to eight years. Future locations in the state include Hinesville, Pooler, Waycross, Bainbridge, Tifton, Valdosta and Albany. Wawa plans to invest roughly $7 million in the …

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