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Esplanade-Town-Center-Kennesaw-Ga
GeorgiaInvestment salesNet leaseNews

ARC Acquires Two Retail Properties in Metro Atlanta for $15 Million

by Hayden Spiess

Cumming and Kennesaw, Ga. —The Aubuchon Realty Co. (ARC) has acquired two retail properties in metro Atlanta in separate transactions totaling $15 million. ARC purchased Town Center Esplanade — a shopping center located in Kennesaw, roughly 30 miles northwest of Atlanta — from MC Promenade LLC for $9.5 million. Tenants at the property, which was built in 1988 and comprises 39,108 square feet, include Revolving Sushi Factory, J. Christopher’s Café, Three Dollar Café, The Juicy Crab and Ten Seconds Rice Noodle. ARC also acquired a single-tenant property located in Cumming, …

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Alpha-Soda-Center-Alpharetta-Ga
GeorgiaInvestment salesNews

Franklin Street Arranges $9.4 Million Sale of Shopping Center in Atlanta Suburb

by Hayden Spiess

Alpharetta, Ga. — Franklin Street has arranged the $9.4 million sale of Alpha Soda Center, a 14,625-square-foot strip shopping center located in the Atlanta suburb of Alpharetta. An entity doing business as Stonewalk Alpha III LLC sold the property, which underwent renovations in 2021, to an undisclosed buyer. Bryan Belk and John Tennant of Franklin Street’s Retail Investment Sales Team brokered the transaction on behalf of the seller.

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DevelopmentGeorgiaNewsRestaurants

Stonecrest Resorts Completes Phase II of 143,000-Square-Foot Renovations at The Mall at Stonecrest in Metro Atlanta

by Hayden Spiess

Stonecrest, Ga. — Stonecrest Resorts has completed the second phase of redevelopment at Priví, a 143,000-square-foot adaptive reuse of the former Sears department store at The Mall at Stonecrest located in Stonecrest, roughly 15 miles outside Atlanta. Phase II comprised $4.2 million of renovations and the addition of tenants including Baldwin’s Literary Social Bookstore, Priví Art Gallery, The Exposure Hub, 101 TKO Radio, Priví Event Center, 3 Degrees Infrared Sauna Studio, Picasso’s Splat Room, The Lion’s Cage MMA & Fitness Gym and Garden Life Juice Bar. SeaQuest anchors Phase I …

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Forum-Peachtree-Corners
DevelopmentGeorgiaMixed-useNews

NAP, Nuveen Break Ground on Mixed-Use Redevelopment of Forum Peachtree Corners in Metro Atlanta

by Hayden Spiess

Peachtree Corners, Ga. — North American Properties (NAP) has partnered with Nuveen Real Estate to begin the redevelopment of The Forum Peachtree Corners. The partnership, which acquired the shopping center in March 2022, plans to deliver the redevelopment in phases, beginning with retail- and pedestrian-focused upgrades. Upon completion, the project will include a 125-room boutique hotel, 381 apartments, experiential retailers, eateries, structured parking and new public spaces. In addition to these uses, the developers will implement concierge services and valet offerings.

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Sullivan-Towers_Newnan
GeorgiaInvestment salesNews

CBRE Brokers Sales of Two Retail Centers in Metro Atlanta Totaling $4.4 Million

by Hayden Spiess

Newnan and Ellenwood, Ga. — CBRE has brokered the sales of two retail strip centers totaling approximately $4.4 million. The properties include Sullivan Towers, a 12,950-square-foot property located in Newnan, and Ellenwood Plaza, a 9,450-square-foot property located in Ellenwood. Craig Taylor of CBRE’s Atlanta office represented the sellers, two undisclosed private entities, in each transaction. Local investor James Thomasson purchased Sullivan Towers and United Properties Ventures acquired Ellenwood Plaza. Sullivan Towers was fully leased at the time of sale to tenants including CVS/pharmacy, Carr Eye Care, Touch of India, Kuman …

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Specialty-Shops-SouthPark-Charlotte-N.C
GeorgiaGrocery-anchoredInvestment salesNewsNorth Carolina

Nuveen Acquires Two Retail Centers Totaling 139,732 Square Feet

by Hayden Spiess

Atlanta and Charlotte, N.C. — Nuveen Real Estate has acquired two retail centers totaling 139,732 square feet in separate transactions. Roswell Wieuca in Atlanta was originally constructed in 1954 and comprises 73,370 square feet. The property is grocery-anchored and was 98 percent occupied at the time of sale. The second property, Specialty Shops SouthPark in Charlotte, was purchased in partnership with Hill Partners, which has managed and leased the property since 2014. Specialty Shops features 65,362 square feet and was fully leased at the time of sale.

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AlabamaCaliforniaFloridaGeorgiaIllinoisMississippiNet leaseNew YorkNewsNorth CarolinaTexasVirginiaWashington

Matthews Brokers $20.1 Million Sale of Napa Auto Parts Portfolio

by Hayden Spiess

Los Angeles — Matthews Real Estate Investment Services has brokered the $20.1 million sale of a portfolio comprising 12 single-tenant retail properties. Located in Alabama, California, Florida, Georgia, Illinois, Mississippi, New York, North Carolina, Texas, Virginia and Washington, the properties are all occupied by Napa Auto Parts on a net-lease basis. Brandon Perez and Bill Pedersen of Matthews arranged the sale on behalf of the undisclosed limited liability company. A publicly traded REIT purchased the portfolio.

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GeorgiaGrocery-anchoredInvestment salesNews

CBRE Arranges Sale of Publix-Anchored Shopping Center in Atlanta Suburb

by Hayden Spiess

Suwanee, Ga. — CBRE has arranged the sale of The Village Shoppes at Windermere, a Publix-anchored shopping center located in the Atlanta suburb of Suwanee. The 73,404-square-foot property was 93.3 percent leased at the time of sale to tenants including a dry cleaner, martial arts studio, nail salon, orthodontics office and a Mexican restaurant. Phillips Edison & Co. purchased the center from Affinius Capital (formerly USAA Real Estate) for an undisclosed price. Chris Decoufle, Kevin Hurley and Matt Karempelis of CBRE’s National Retail Partners – Southeast team represented the seller …

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Medlock-Corners_Johns-Creek
GeorgiaInvestment salesNews

SRS Brokers $4.3 Million Sale of New Retail Strip Center in Metro Atlanta

by Hayden Spiess

Johns Creek, Ga. — SRS Real Estate Partners’ National Net Lease Group has brokered the $4.3 million sale of Shops at Medlock Corners, a 6,200-square-foot retail strip center located in Johns Creek. The seller, Atlanta-based Willow Capital Partners, delivered the property in March. Situated on less than an acre, the metro Atlanta property was fully leased at the time of sale to Jersey Mike’s, Ideal Dental and ATI Physical Therapy, all of which signed 10-year leases. Michael Berk, Sheree Strome and Scott Campbell of SRS represented the seller in the …

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