Georgia

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GeorgiaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Arranges Sale of 62,787-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Covington, Ga. — Cushman & Wakefield has arranged the sale of Shops at Covington Town Center, a 62,787-square-foot retail center located in Covington, roughly 35 miles outside Atlanta. Opened in 2023, the center is anchored by a 48,387-square-foot Publix, with an additional 14,400 square feet of retail space. A joint venture between The Sembler Co. and Berkeley Development was the developer and seller of the property, which is situated within a master-planned project featuring residential and hotel space. Margaret Jones, Lane Breedlove, Adam Feinstein, Mark Gilbert and Mitchell Halpern of Cushman …

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Fayette-Pavilion_Fayetteville
GeorgiaInvestment salesNews

CBRE Arranges Sale of 1.1 Million-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Fayetteville, Ga. — CBRE has arranged the sale of Fayette Pavilion, a 1.1 million-square-foot open-air retail center in Fayetteville, a city about 22 miles south of Atlanta. Fayette Pavilion is the largest open-air retail center in Georgia and also the most visited, with approximately 8.3 million annual visitors, according to CBRE. Developed on 106 acres from 1995 to 2003, the property is leased to tenants including Publix, Hobby Lobby, Burlington, Ross Dress for Less, Marshalls, PetSmart, Old Navy, pOpshelf, Dollar Tree and Five Below. Chris Decoufle, Kevin Hurley and Matt Karempelis …

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Matthews Real Estate Investment Services Adds Veteran Retail Specialists to the Firm

by Hayden Spiess

Atlanta — Matthews Real Estate Investment Services has hired Pierce Mayson and Kyle Stonis as senior vice presidents, Jeff Enck as first vice president and Boris Shilkrot as associate vice president. The veteran retail specialists join the company’s shopping center division from SRS Real Estate Partners, where they managed the sales of shopping centers in 17 different states across the Southeast, Midwest and Northeast. Collectively, Mayson, Stonis, Enck and Shilkrot have brokered the sales of $4 billion in career transactions over a combined 50 years. The group will operate from the …

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EntertainmentGeorgiaLeasingMixed-useNews

The Escape Game Opens 4,172-Square-Foot Venue in Atlanta

by Hayden Spiess

Atlanta — Interactive escape room concept The Escape Game has opened a 4,172-square-foot facility at The Interlock, a vertical mixed-use property located in the Midtown neighborhood of Atlanta. Located under Puttshack, The Escape Game Atlanta features immersive entertainment with multi-room experiences. Established in 2014, the brand currently operates venues in 34 cities across 19 states. 

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IKEA to Open Four New-Format Stores in 2024

by Hayden Spiess

Conshohocken, Pa. — IKEA will open four stores featuring its new Plan & Order Point with Pick-Up format. Scheduled to open this year, the stores will be located in Austin, Texas, metro Atlanta and the greater Los Angeles area. Situated within Domain Shopping Center, the Austin store will open this summer and will mark the second IKEA location in the city. Plan & Order Points are “dedicated to kitchen, bedroom and living room projects,” according to the company’s website. The stores feature a smaller layout with no merchandise to be taken …

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GeorgiaGrocery-anchoredInvestment salesNews

Nuveen Acquires 80,7480-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. — Nuveen Real Estate has acquired Peachtree Crossing, an 80,748-square-foot shopping center located in Peachtree City, roughly 30 miles outside Atlanta. Harbour Real Estate Partners sold the property for an undisclosed price. Built in 1978 and renovated in 2011, the Fresh Market-anchored center was fully leased at the time of sale. Tenants at the property include Peachtree City Eye Center, Bintelli Golf Carts, Heirloom Market, Mina’s Hallmark, Hollywood Feed, Campanile’s Home Inside & Out, Georgia Shrimp Co. and W. Daly Salon. Brad Buchanan, Jim Hamilton and Andrew Michols …

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Buc-ee's
DevelopmentGeorgiaNews

Buc-ee’s to Develop 74,000-Square-Foot Travel Center in Brunswick, Georgia

by Hayden Spiess

Brunswick, Ga. — Buc-ee’s will develop a 74,000-square-foot travel center in Brunswick. Construction is scheduled to begin Jan. 29 with a groundbreaking. Upon completion, the property will feature 120 fueling stations, as well as a store offering snack, meal and drink options. Buc-ee’s currently operates 47 stores throughout Texas, Alabama, Florida, Georgia, Kentucky, South Carolina, Missouri and Tennessee. 

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Avison Young Acquires Madison Marquette Retail Platform, 6.1 Million-Square-Foot Portfolio

by Hayden Spiess

Toronto, Canada and Washington, D.C. — Avison Young has entered into an agreement to acquire Madison Marquette’s retail platform for an undisclosed price. The acquisition will include the Washington, D.C.-based firm’s retail property management, marketing and leasing services throughout the U.S.; and a portfolio comprising more than 6.1 million square feet of properties managed and leased by Madison Marquette. Madison Marquette teams will integrate with those of Toronto, Canada-based Avison Young in Los Angeles, New Jersey, Philadelphia, Indiana, Arkansas, Maryland, Virginia, Atlanta and Florida, and the acquisition expands Avison Young’s presence …

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Publix
GeorgiaGrocery-anchoredInvestment salesNews

IPA Brokers $16 Million Sale of Shopping Center in LaGrange, Georgia

by Hayden Spiess

LaGrange, Ga. — Zach Taylor of Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $16 million sale of a newly built shopping center located in LaGrange. Publix anchors the property, with a 10-year lease on the store. Taylor represented the seller, an Atlanta-based developer, in the transaction and procured the 1031 exchange buyer. 

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GeorgiaInvestment salesNet leaseNewsRestaurants

Ackerman Facilitates Sale of 4,200-Square-Foot Chick-fil-A Ground Lease in Metro Atlanta

by Hayden Spiess

Norcross, Ga. — Ackerman Retail, a division of Ackerman & Co., has facilitated the sale of a 4,200-square-foot absolute triple-net Chick-fil-A ground lease located in Norcross, roughly 20 miles outside Atlanta. Constructed in 1998, the property was renovated in 2018. Sean Patrick of Ackerman Retail represented the seller, an entity doing business as WB Holdings-Jimmy Carter Boulevard, in the transaction. A local private buyer acquired the ground lease. 

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