Georgia

Limestone-Marketplace-Gainesville-Ga

Gainesville, Ga. — Branch Properties has acquired 14 acres for the construction of Limestone Marketplace in Gainesville, roughly 55 miles northeast of Atlanta. Upon completion, the shopping center will comprise 76,764 square feet and feature a 54,964-square-foot Publix. The property will also include three outparcels ranging in size from one to three acres. Branch will break ground on the development in spring of this year, with completion of construction scheduled for the second quarter of 2024.

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Hinesville-Central

Hinesville, Ga. — Marcus & Millichap has brokered the $10.3 million sale of Hinesville Central, a 41,800-square-foot retail center located in Hinesville, roughly 45 miles southwest of Savannah. The property is shadow-anchored by Walmart Supercenter. Al Taf of Marcus & Millichap’s Atlanta office represented the seller, a 104-year-old private company based in Georgia, in the transaction. Brian Munn, also with Marcus & Millichap’s Atlanta office, procured the buyer, a private investor.

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Tanger-Shops-Pooler-Ga

Pooler, Ga. — Northmarq has arranged the $7.3 million sale of Shops at Tanger Parkway, a 15,600-square-foot retail center located in the Savannah-area community of Pooler. The property was fully leased at the time of sale to tenants including Tropical Smoothie Café, Tin Drum Asian Kitchen, LAX, T-Swirl Crepe, Wayback Burgers, Which Wich?, America’s Best Contacts & Glasses and Pita Mediterranean Street Food. David Annett and Anne Perrault of Northmarq represented the seller, a Utah-based developer, in the transaction. Mark Lovering of Northmarq represented the buyer, a private equity firm …

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Kennesaw, Ga. — ShopOne Centers REIT Inc., with partners Pantheon and an undisclosed institutional investor, has purchased Kennesaw Walk, a Publix-anchored 68,744-square-foot shopping center located in Kennesaw, approximately 30 miles northwest of Atlanta. Tenants at the center, which was 89 percent leased at the time of sale, include Subway, H&R Block, Supercuts and State Farm Insurance. This acquisition brings the joint venture’s portfolio to 10 properties comprising over 1 million square feet.

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Blackwell-Plaza-Marietta-Ga

Marietta, Ga. — SRS’ Investment Properties Group has arranged the sale of Blackwell Plaza, a 143,081-square-foot shopping center located in Marietta, approximately 20 miles northwest of Atlanta. An entity doing business as RCG-Marietta VII LLC acquired the property from Stebri Enterprises for $10 million. Kyle Stonis and Pierce Mayson of SRS represented Stebri in the transaction. Sitting on 17 acres at the intersection of Canton Road and Piedmont Road, the property features tenants including Old Time Pottery and America’s Thrift Store.

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Town-Center-Commons_Kennesaw

Kennesaw, Ga. — Franklin Street has brokered the $13 million sale of Town Center Commons, a 72,168-square-foot shopping center located in Kennesaw, a northwest suburb of Atlanta. 615 Ventures purchased the retail center from Ardent Cos. Bryan Belk and John Tennant of Franklin Street represented the seller in the transaction. Town Center Commons is anchored by Public Lands, the first Southeast location of a new outdoors and sporting goods retail concept from Dick’s Sporting Goods. Other tenants include Five Below, which recently renewed its lease, as well as The Original …

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Savi-Provisions

Milton, Ga. — Savi Provisions, an Atlanta-based grocer, has opened a new, 3,644-square-foot location at Crapapple Market in Milton, roughly 30 miles north of Atlanta. Located at 12630 Crabapple Road, the store opened Dec. 10. Founded in 2009, Savi offers prepared foods such as sandwiches and salads in addition to organic groceries, wine and coffee. Spirits will also be sold at the Liquor Market, which comprises an additional 983 square feet.

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Pooler-Pointe-Pooler-Ga

Pooler, Ga. — Marcus & Millichap has brokered the $32 million sale of Pooler Pointe, a 160,683-square-foot shopping center in Pooler, approximately 10 miles outside of Savannah. Tim Giambrone of Marcus & Millichap represented the buyer, a private investor, in the transaction. Tenants at the property include Hobby Lobby, HomeGoods and Dick’s Sporting Goods.

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Interlock_Phase2_Atlanta

Atlanta — SJC Ventures has topped out the second phase of The Interlock, a $750 million mixed-use project located in Atlanta’s West Midtown district. The second phase, built by Choate Construction and anchored by a 42,000-square-foot Publix, features 275,000 square feet of commercial space and 670 units of student housing for Georgia Tech students. Construction on the second phase began in May 2021. Additionally, four new retailers have inked leases at The Interlock. Pinky Promise Champagne Bar, The X Pot, City Nails and GoodVets will join the tenant lineup. Previously …

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South-End-Norcross-Ga

Norcross, Ga. — Tile Tech Renewal Co. has appointed terra alma to lease space comprising over an acre and several buildings at South End, a mixed-use property in downtown Norcross, about 20 miles outside of Atlanta. Redevelopment efforts will include 4,500 square feet of new construction as well as the preservation and adaptive reuse of existing buildings. Buildings at the property include an almost 100-year-old former gas station — now Rose & Hemp, a CBD store — and two buildings that are more than 70-years-old and were previously used for …

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