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.
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.
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 …
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 …
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 …
