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Chick-fil-A-drive-thru-concept
Company newsDevelopmentGeorgiaLeasingNew YorkNewsRestaurants

Chick-fil-A to Test Two New Restaurant Concepts in Metro Atlanta, New York City 

by Hayden Spiess

Atlanta and New York City — Chick-fil-A has announced plans for two new restaurant concepts. Beginning in 2024, the brand will open an elevated drive-thru concept in metro Atlanta as well as a walk-up restaurant in New York City. Both concepts are designed to enhance efficiency and convenience, with plans for the drive-thru restaurant including a kitchen built above the drive-thru lanes and dedicated lanes for mobile orders. Targeted toward urban areas with heavy foot traffic, the walk-up concept will allow guests to order through the Chick-fil-A app and pick up …

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Politan-Row
DevelopmentGeorgiaLeasingNewsRestaurants

North American Properties, Politan Group to Open New Food Hall at Forum Peachtree Corners in Metro Atlanta

by Hayden Spiess

Peachtree Corners, Ga. —North American Properties (NAP) has partnered with Politan Group to open a 10,000-square-foot food hall at The Forum Peachtree Corners, a mixed-use redevelopment in metro Atlanta. Scheduled to open in summer 2024, Politan Row at The Forum marks the second food hall for the partnership, following the opening of Politan Row at Colony Square in Midtown Atlanta two years ago. Bell-Butler is designing the food hall, which will feature space for seven independent food-and-beverage concepts, a bar, private event venue and an outdoor patio fronting the greenspace.

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Chick-fil-A_LaGrange
GeorgiaInvestment salesNewsRestaurants

Marcus & Millichap Brokers $3.3 Million Sale of Single-Tenant Property in LaGrange, Georgia

by Hayden Spiess

LaGrange, Ga. —Marcus & Millichap has brokered the $3.3 million sale of a newly constructed single-tenant property in LaGrange. Chick-fil-A occupies the 5,000-square-foot property, which is as an outparcel to a new Publix-anchored shopping center, on a 15-year ground lease. Don McMinn of Marcus & Millichap’s Taylor McMinn Retail Group represented the undisclosed seller in the transaction.

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Hardee's
AlabamaCaliforniaCompany newsFloridaGeorgiaInvestment salesKansasMissouriMontanaNewsRestaurantsSouth CarolinaWyoming

High Bluff Capital to Acquire 81-Restaurant Hardee’s Portfolio

by Hayden Spiess

San Diego — High Bluff Capital Partners will assume ownership of a portfolio comprising 81 Hardee’s locations following an auction. Located in Alabama, Florida, Georgia, Kansas, Missouri, Montana, South Carolina and Wyoming, the restaurants were previously owned by franchisee Summit Restaurant Group, which filed for Chapter 11 bankruptcy in May of this year. The transaction is expected to close in August. Dave Dixon will oversee operation of the restaurants. “High Bluff is the ideal partner to support our efforts…while making critical investments in restaurant remodels and other initiatives to boost traffic …

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Chastain-Market_Sandy-Springs
DevelopmentGeorgiaLeasingMixed-useNews

CONNOLLY, Coro to Reposition 120,000-Square-Foot Mixed-Use Development in Metro Atlanta

by Hayden Spiess

Sandy Springs, Ga. — A partnership between CONNOLLY and Coro Realty has announced plans to reposition the retail portion of a 120,000-square-foot mixed-use development located in Sandy Springs, roughly 16 miles north of Atlanta. The partnership acquired the property in February 2022 for $40.5 million. Formerly known as Sandy Springs Gateway, the development will undergo capital improvements and be known as Chastain Market going forward. Improvements will include infrastructure improvements, increased connectivity among common areas and upgraded landscaping. New tenants will also join the property, with chef Kevin Maxey opening a …

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200 Peachtree St
DevelopmentGeorgiaNewsRestaurants

200 Peachtree Underway on Two Restaurant Developments in Atlanta

by Hayden Spiess

Atlanta — Hospitality group 200 Peachtree is underway on the development of two restaurants located at 200 Peachtree Street in downtown Atlanta. SKOL Brewing Co., a craft brewery, will comprise 5,000 square feet and is expected to open later this year. Food, beverage and entertainment hall Valhalla Social is scheduled to open in spring or summer 2024 and will total 15,000 square feet, with seating for roughly 300 people. CNNA Architects is the architect for both projects. 

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Merchants-Festival_Marietta-Ga
GeorgiaInvestment salesNews

JLL Brokers Sale of 53,559-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Marietta, Ga. — JLL Capital Markets has brokered the sale of Merchant’s Festival, a 53,559-square-foot retail center located in Marietta, roughly 20 miles northwest of Atlanta. Tenants at the property, which was 85 percent leased at the time of sale, include Which Wich, Leslie’s Swimming Pool Supplies, Verizon, Orange Theory Fitness, Pearle Vision Express and Learning Express Gifts. Target shadow anchors the center. Jim Hamilton, Brad Buchanan and Anton Serafini of JLL represented the seller, a real estate fund advised by Crow Holdings Capital. Last Mile Investments acquired the property for …

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GeorgiaInvestment salesNews

Dowd Cos. Arranges $16.3 Million Sale of Horizon Village Shopping Center in Metro Atlanta

by Hayden Spiess

Suwanee, Ga. — The Dowd Cos. has arranged the $16.3 million sale of Horizon Village Shopping Center, a 97,000-square-foot shopping center located in Suwanee, approximately 33 miles northeast of Atlanta. Movie Tavern and YouFit Health Clubs anchor the property, which was built in 1996, according to LoopNet Inc. John Dowd and Theresa Johnson of The Dowd Cos. represented the undisclosed seller in the transaction. 

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Lakeland-Plaza_Sprouts_Cumming
GeorgiaGrocery-anchoredInvestment salesNews

Octave Purchases 301,711-Square-Foot Shopping Center in Atlanta Suburb

by Hayden Spiess

Cumming, Ga. — Octave Holdings and Investments has purchased Lakeland Plaza, a 301,711-square-foot shopping center in Cumming, a northern suburb of Atlanta, for an undisclosed price. Built in 1990 and renovated in 2015, Lakeland Plaza was 94 percent leased at the time of sale to tenants including Sprouts Farmers Market, Belk, Bealls Outlet, LA Fitness, Joann Fabric and Crafts and Shoe Gallery. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the undisclosed sellers in the transaction.

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DevelopmentGeorgiaLeasingNews

Scofflaw to Open 5,500-Square-Foot Brewery at Oxton in Atlanta

by Hayden Spiess

Atlanta — Scofflaw Brewing Co. will open a 5,500-square-foot space at Oxton, a 35,000-square-foot food and retail project to be developed by Ardent Cos., Westbridge and Bridger Properties at the Piedmont Center office campus in Atlanta. Scheduled to open in 2024 and marking the first tenant at the development, the taproom and brewery will feature access to an adjoining courtyard. Square Feet Studio Architects is leading the design of Oxton, which was announced earlier this year. Bridger is handling retail leasing at the property. 

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