Roswell, Ga. — Cherried Mary’s Ice Cream Parlor has opened a storefront at 1075 Canton Street in Roswell, about 20 miles north of Atlanta. Designed with a vintage aesthetic, the parlor features space for up to 60 guests and serves menu items made in-house, including milkshakes, sundaes, banana splits, s’mores ice cream sandwiches and savory snacks. This location marks the first ice cream shop in the town, according to the owners, who also own breakfast and lunch spot Gracious Plenty.
Atlanta — Two permanent and two pop-up tenants will join Atlantic Station, a mixed-use retail and entertainment center located in the Midtown neighborhood of Atlanta. Soma, an intimates brand, and Sephora will both open permanent locations this fall and in 2023, respectively. Additionally, streetwear concepts Repeat ATL and Country Bumkin will open at Atlantic Station as pop-up retailers beginning this month through January of next year. Other tenants at Atlantic Station include H&M, Forever 21 and Dillard’s. The center also features 700,000 square feet of office space, occupied by employers …
Atlanta — Marcus & Millichap’s Taylor McMinn Retail Group has arranged the sale of a Dollar General portfolio comprising 14 stores located in six states. Don McMinn of Marcus & Millichap based in Atlanta brokered the $25.5 million transaction. All of the stores were constructed this year, and all are subject to 15-year triple net leases. An undisclosed developer sold the properties to an undisclosed, institutional retail owner. Of the sale, McMinn comments that there is an “increased institutional interest for net lease portfolios due to their attractive returns caused …
Atlanta — Sarofim Realty Advisors has sold Plaza Fiesta, a 343,748-square-foot retail center located on Buford Highway in northeast Atlanta. Chris Decoufle, Kevin Hurley, Matt Karempelis, Mike Burkard and Steve Shields of CBRE represented the seller in the transaction. Asana Partners acquired the property for an undisclosed price. Mercado Fresco anchors the plaza, which was 95 percent leased at the time of sale to tenants including Ross Dress for Less, Planet Fitness, Ollie’s and Aaron’s. The property also includes a freestanding CVS/pharmacy and QuikTrip.
Woodstock, Ga. — US Fitness Holdings LLC has announced a definitive agreement to acquire a property at 301 Gold Creek Trail in Woodstock, roughly 30 miles north of Atlanta. The 69,000-square-foot sports club, currently operated as a Gold’s Gym, will be converted into a Onelife Fitness club. Onelife will retain existing staff and memberships and invest a projected $1.5 million into updating the facility. Amenities will include cardio and strength equipment, turf training areas, a spin studio, studios featuring fitness classes, a sauna, recovery studio, Olympic lifting platforms and a …
Indianapolis and Riverdale, Ga. — Marcus & Millichap’s IPA Capital Markets division has arranged $25.2 million in financing for the acquisition of Linwood Square and Merchants Square. The retail centers are anchored by Kroger and located in Indianapolis and Riverdale, Georgia, respectively. Sunny Sajnani and Duke Dennis of Marcus & Millichap arranged the financing through two separate, undisclosed banks on behalf of the borrower, Essential Growth Properties (EGP). Financing was secured in the form of five-year loans. The loan for Linwood Square is floating rate with an interest-only period of …
Snellville, Ga. — Atlantic Capital Partners has arranged the sale of Snellville Pavilion, a 311,093-square-foot retail center located in Snellville, a suburb roughly 25 miles outside of Atlanta. Fred Victor, Justin Smith and Chris Peterson of Atlantic represented the seller, Kimco Realty, and procured the buyer, United Properties, in the $38.3 million transaction. Kohl’s and Belk — both of which have been tenants since 2000 — anchor the shopping center.
McDonough, Ga. — Northmarq has arranged the sale of Towne Crest Village, a 20,053-square-foot retail center located in McDonough, approximately 30 miles outside of Atlanta. Jeff Enck of Northmarq represented the private Florida-based buyer in the transaction. An individual Los Angeles-based investor sold the property for $5.7 million. Built in 2005, Towne Crest was 100 percent leased at the time of sale.
Brunswick, Ga. — Big V Property Group, in partnership with Equity Street Capital, has acquired Glynn Isles, a 193,039-square-foot retail center located in the coastal Georgia city of Brunswick. Shadow-anchored by Target and Lowe’s Home Improvement, the center has averaged 98 percent occupancy. Tenants include Dick’s Sporting Goods, PetSmart, Ross Dress for Less, Michaels, Ulta Beauty and Old Navy.
Atlanta — Third & Urban and FCP have announced the addition of four tenants to the 15-acre Westside Paper development located along the Atlanta BeltLine in Westside Atlanta. Currently under development and scheduled to open in early 2023, Westside Paper, which is centered around a historic 1950s paper warehouse, features 245,000 square feet of mixed-use space. King of Pops, Elsewhere Brewing, Ancestral Bottle Shop + Market and taqueria concept El Santo Gallo will join the retail lineup. Westside Paper’s retail space is now 90 percent leased, with previously announced tenants …
