Atlanta — JLL has arranged the sale of Marketplace at Buckhead, a 102,864-square-foot shopping center located in Atlanta’s Buckhead district. Sterling Organization purchased the property for an undisclosed price. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the undisclosed seller in the transaction. Built in 1958 and renovated in 1997 and 2013, the property was fully leased at the time of sale. Tenants include Willy’s Mexicana Grill, Jersey Mike’s Subs and Salon Lofts.
Woodstock, Ga. —Joint venture partners CBL Properties and Horizon Group Properties have secured a $79.3 million loan for the refinancing of The Outlet Shoppes of Atlanta, a retail outlet property located in Woodstock. The 10-year, fixed-rate financing replaces two existing loans with a total balance of $69.5 million that were set to mature this November. The property features 103 retailers, including American Eagle Outfitters, Auntie Anne’s, Athleta, Banana Republic Factory Store, Champion, Forever 21 and GNC, among others.
Cumming, Ga. — Timber Development has sold a retail center located in Cumming, roughly 40 miles northeast of Atlanta, for $2.8 million. Built in 2019, the property was fully leased at the time of sale to four tenants, including AT&T and Jersey Mike’s, at the time of sale. Ari Ravi and Nate Timmons of Ripco brokered the transaction.
Snellville, Ga. — Three new tenants have signed leases at The Shoppes at Webb Gin, a retail center located in Snellville, roughly 30 miles outside Atlanta. Browlash and Club Pilates will occupy 1,200 and 1,625 square feet, respectively. DRIPBar will also open at the property in January, in a 1,675-square-foot space. Sydney Isroff of Morrow Hill Commercial Real Estate represented DRIPBar in the leasing negotiations, and Emily Kozarek of Colliers International Retail Services Group represented Club Pilates. Monica Johnson and Kelsi Holman represented the landlord, Continental Realty Corp., on an internal …
Acworth, Ga — Tobin Real Estate has arranged the $15 million sale of Acworth Crossing Shopping Center, a 120,829-square-foot retail center located in Acworth, a northwest suburb of Atlanta. Built in 2006 on 15.3 acres, the center is leased to tenants including Crunch Fitness, PetSmart, popshelf and Dollar Tree. Louie Granteed of Tobin represented the seller, an entity doing business as Monarch at Acworth Crossing LLC, in the transaction. Collin Cambas and Johnny Craig of Matthews Real Estate Investment Services represented the buyer, an entity doing business as Acworth Properties LLC.
Byron, Ga. — Halpern Enterprises Inc. has completed the development of a 2,600-square-foot build-to-suit property in Byron. Starbucks Coffee will occupy the freestanding building on a 10-year net lease. Brad Oppenheimer, Caleb Adams and Cary Halpern of Halpern Enterprises led the project.
Atlanta — Lincoln Property Co. has signed three restaurants to Echo Street West, its 19-acre mixed-use project currently underway in Atlanta’s Westside. Food-and-beverage concepts El Gordo Taqueria by Fuego Tortilla, Fresh Squeezed Mini Bar and Le Macaron will occupy 2,430; 1,917; and 895 square feet, respectively. Situated on The Atlanta Beltline Westside Connector, Echo Street West is being constructed in phases, with the initial development comprising 300,000 square feet of creative office space; 50,000 square feet of retail space; 292 residential units; and 3.4 acres of outdoor entertainment and greenspace. Plans …
Hiram, Ga. — SRS Real Estate Partners has brokered the $8 million sale of Hiram Walk, a 13,801-square-foot retail center located in Hiram, roughly 27 miles outside Atlanta. Tenants at the center, which was built in 2004, include Starbucks Coffee, Buffalo Wild Wings, T-Mobile, Cold Stone Creamery and Moe’s Southwest Grill. The property is an outparcel to Hiram Pavilion. Jeff Enck of SRS represented the undisclosed seller. An entity doing business as H Walk LLC was the buyer.
Atlanta — Painted Hospitality will open two new eatertainment concepts in Atlanta. The first, Painted Pickle, is scheduled to open in December at Armour Yards. Totaling 32,500 square feet, the venue will feature indoor pickleball courts, one outdoor court, a stage for live music, other games and a food-and-beverage menu including small plates, salads, bowls, sushi, charcuterie boards, paninis, cocktails, craft beer and artisanal wine. Painted Park, the second concept, will offer recreational assembly space, green space and private event space. The property will feature two indoor bars, a full kitchen, …
Sandy Springs, Ga. — JLL Capital Markets has arranged the sale of Trowbridge Crossing, a 62,558-square-foot shopping center located in Sandy Springs, approximately 17 miles outside Atlanta. Publix anchors the property. Other tenants include T-Mobile, North Springs Animal Clinic, Erawan Organic Thai, Domino’s, USPS, Luxy Nails, Hong Kong City and UPS. Jim Hamilton, Brad Buchanan, Andrew Michols and Anton Serafini of JLL represented the seller, InvenTrust Properties Corp. FrostPoint Capital acquired the center for an undisclosed price.