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Coal Mountain Shops
GeorgiaLeasingNews

Seven New Tenants to Join Coal Mountain Shops in Cumming, Georgia

by Abby Cox

Cumming, Ga. — Seven new tenants have signed leases to join FrostPoint Capital’s Coal Mountain Shops, a 19,805-square-foot shopping center undergoing redevelopment in Cumming, a north Atlanta suburb. Phase I of the redevelopment is now fully leased, with the new tenants including PNC Bank, Wingstop, barre3, Kumon, Smoothie King, The Bagel Hole and Shape Nails. Details of Phase II of the redevelopment project were not disclosed. Sam Krueger and Kaitlyn Schoerner of Franklin Street handled leasing efforts on behalf of FrostPoint Capital, which purchased the center in May.

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Potbelly Sandwich
Company newsGeorgiaIllinoisInvestment salesNewsRestaurantsRetailers

RaceTrac Agrees to Acquire Potbelly Sandwich Shop Chain for $566 Million

by Abby Cox

Atlanta and Chicago — Convenience retailer RaceTrac Inc. has entered into a definitive merger agreement to acquire all outstanding shares of fast-casual sandwich chain Potbelly Corp. for $17.12 per share. The all-cash transaction is valued at roughly $566 million, representing a premium of approximately 47 percent to Potbelly’s 90-day volume-weighted average price as of Sept. 9. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals. Founded more than 40 years ago in Chicago, Potbelly sells toasted sandwiches, salads, soups and hand-dipped …

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BJ’s Wholesale Club
DevelopmentGeorgiaNews

BJ’s Wholesale Club to Open 104,170-Square-Foot Grocery Store in Warner Robins, Georgia

by Abby Cox

Warner Robins, Ga. — BJ’s Wholesale Club plans to open a new grocery store and BJ’s Gas station south of Atlanta in Warner Robins. The Telegraph reports that the 21-acre site will house the 104,170-square-foot grocery store and 582 parking spaces, as well as a 2,204-square-foot gas station with eight pumps that opened in late August. The new BJ’s Wholesale Club store is set to open on Friday, Sept. 12. The property represents the first BJ’s Wholesale Club store in middle Georgia and its seventh in the state, according to The Telegraph.

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Gwinnett Place Mall
DevelopmentGeorgiaInvestment salesNews

Gwinnett County to Acquire Former Sears at Gwinnett Place Mall in Metro Atlanta

by Abby Cox

Duluth, Ga. — The Urban Redevelopment Agency of Gwinnett County has approved the purchase of a former Sears department store at Gwinnett Place Mall, a struggling regional mall situated along Pleasant Hill Road near Interstate 85 in metro Atlanta. Northwood Ravin will sell the 11.5-acre site to the county for $11.5 million, the same price the Charlotte-based multifamily developer paid for the property in 2018. With the Sears acquisition, Gwinnett County now owns a combined 87.5 acres at Gwinnett Place Mall. Plans for the mall redevelopment include a mixed-use destination …

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Whataburger_Acworth
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $2.7 Million Sale of Single-Tenant Retail Property in Metro Atlanta

by Abby Cox

Acworth, Ga. — Marcus & Millichap has brokered the $2.7 million sale of a newly built, single-tenant retail property located in Acworth, a northwest suburb of Atlanta. Whataburger occupies the 3,318-square-foot freestanding restaurant, which features a double drive-thru, on a 15-year corporate ground lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, an unnamed developer based in Georgia, in the transaction. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap procured the unnamed buyer. The Whataburger restaurant was delivered in April and is adjacent to …

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Academy Sports + Outdoors
AlabamaCompany newsDevelopmentFloridaGeorgiaIndianaMississippiNewsOhioSouth CarolinaTennesseeTexasVirginia

Academy Sports + Outdoors Opens 11 New Stores in Third Quarter 2025 

by Abby Cox

Katy, Texas — Katy, Texas-based Academy Sports + Outdoors has opened 11 new stores in the third quarter of this year, with plans to debut a total of up to 25 new locations in 2025. The sporting goods and outdoor recreation retailer has already launched three new locations in Boardman, Ohio; Beaufort, South Carolina; and Virginia Beach, Virginia; and will open eight more stores in fall 2025 in Rome, Georgia; Cullman, Alabama; Mishawaka, Indiana; Lakeland, Florida; Columbia, Tennessee; Albany, Georgia; Palestine, Texas; and Batesville, Mississippi. The 11 new store openings this …

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Dunwoody Village
FinanceGeorgiaInvestment salesNews

MMCC Arranges $4 Million in Financing for Dunwoody Village in Metro Atlanta

by Abby Cox

Dunwoody, Ga. — Marcus & Millichap Capital Corp. (MMCC) has arranged $4 million in financing for the acquisition of Dunwoody Village, a 15,382-square-foot retail center located in Dunwoody, a suburb of Atlanta. David Johnson of MMCC’s Atlanta office secured the loan with a national bank on behalf of a private client. The five-year loan includes a 6.41 percent interest rate with a 30-year amortization schedule. Shadow anchored by The Fresh Market and Walgreens, Dunwoody Village features a mix of tenants including CVS Pharmacy, Chipotle Mexican Grill and a pet store.

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Lenox-Square-Atlanta
GeorgiaLeasingNews

Simon Introduces 18 New and Expanded Retailers at Lenox Square in Atlanta

by Abby Cox

Atlanta — Simon has introduced 18 new and expanded retailers debuting at Lenox Square, a 1.5 million-square-foot super-regional center located in Atlanta’s Buckhead district. Nine of the tenants are now open and operating at Lenox Square, including three expanded stores: Rolex, Burberry and Ferragamo. The other six open stores are Good American, AllSaints, Ray-Ban, Rowan, Starbucks Coffee and Claire’s. Nine more concepts are set to open later this year, including IWC, Panerai, Mejuri, Cole Haan, Garage, Lovisa, Levi’s, Kelly’s Cajun Grill and Great American Cookie Company/Marble Slab. David Vinehout serves …

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Northside Plaza
GeorgiaInvestment salesNews

Matthews Facilitates Sale of 73,931-Square-Foot Retail Center in Dalton, Georgia

by Abby Cox

Dalton, Ga. — Matthews Real Estate Investment Services has facilitated the sale of Northside Plaza, a 73,931-square-foot retail center located in Dalton, roughly 30 miles south of Chattanooga, Tennessee. America’s Thrift Stores and Dollar Tree anchor the property, which was 92 percent leased at the time of sale. Other tenants include Subway, Jackson Hewitt Tax Service, PT Solutions, Little Caesars and an outparcel occupied by a freestanding Chick-fil-A. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews brokered the transaction. A Texas-based family office purchased Northside Plaza for an undisclosed …

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The Shops at Butler Crossing
GeorgiaInvestment salesNews

Phillips Edison & Co. Acquires The Shops at Butler Crossing in Metro Atlanta for $13.9 Million

by Abby Cox

Kennesaw, Ga. — Phillips Edison & Co. has acquired The Shops at Butler Crossing, a 56,934-square-foot shopping center located in the Atlanta suburb of Kennesaw, for $13.9 million. Tenants at the center, which was 94 percent leased at the time of sale, include Planet Fitness, Advance Auto Parts, Buffalo’s American Grille, Sola Salon Studios, Jersey Mike’s and Dunkin’ Donuts. The property was originally built in 1997 and sits on 6.7 acres, according to LoopNet. Brad Buchanan, Jim Hamilton, Andrew Kahn and Anton Serafini of JLL’s Investment Sales and Advisory team …

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