Bishop, Colbert, Cornelia and Loganville, Ga. — Stan Johnson Co. has arranged the sale of four Dollar General locations in Bishop, Colbert, Cornelia and Loganville. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the 1031 exchange buyer in all transactions. The four sellers were private investors based in Alabama, California and Georgia. Together, the four properties were sold for $8.5 million. Combined, the properties total nearly 38,000 square feet and are occupied under long-term net leases. The Colbert location was a Dollar General Plus, a concept larger than …
Marietta, Ga. — Eden Rock Real Estate Partners and Connolly have broken ground on a 90,000-square-foot building to be occupied by Kroger at MarketPlace Terrell Mill, a $120 million mixed-use project at the intersection of Terrell Mill and Powers Ferry roads in Marietta. Planned features for the building, which is scheduled for completion in April 2023, include a drive-thru pharmacy, dedicated area for online order pickups and an 18-pump Kroger Fuel Center. The new store will replace an existing Kroger situated on Delk and Powers Ferry roads less than a …
Savannah, Ga. — JLL Capital Markets has arranged the sale of Abercorn Walk, a 69,396-square-foot retail center in Savannah. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the undisclosed seller in the disposition of the property to GBT Realty Corp. Abercorn Walk is anchored by The Fresh Market. Other tenants at the property include Ethan Allen, Soma Intimates, White House Black Market, Chico’s, Nadeau, Jos. A. Bank, J. Jill, Talbots, StretchLab and Cycle Bar.
Atlanta — Fashion retailer YOYOSO will open an 8,244-square-foot store at Atlantic Station, a mixed-use destination in Atlanta’s West Midtown area. The property features over 30 stores and restaurants, entertainment concepts, hotels and 700,000 square feet of Class A office space, including a new office tower anchored by Microsoft. YOYOSO is set to open its doors this fall. The retailer has over 1,000 locations across 36 countries and over 380 cities.
Kennesaw and Woodstock, Ga. — Whataburger is set to open its first restaurants in the Atlanta metropolitan area this year. The two locations will be situated at 705 Town Park Lane NW in Kennesaw, and at 9766 GA-92 in Woodstock. Additional Whataburger locations will open in the Atlanta area in 2023, including restaurants at 503 Lakeland Plaza in Cumming, Georgia; SEQ Buford Drive and Exchange Drive in Buford, Georgia; 3321 Lexington Road in Athens, Georgia; 3201 Atlanta Highway in Athens, Georgia; 100 Pottery Road in Commerce, Georgia and 15 Wallace …
Columbus, Ga. — Coro Realty has sold Cross Country Plaza, a 314,000-square-foot retail center in Columbus, for $42.6 million. The buyer was an affiliate of Hackney Real Estate Partners. Transwestern’s Southeast Investment Services Group represented Coro Realty in the transaction. Built in 1956, the property was renovated in 2000 and then again in 2012. Anchored by Publix, Cross Country Plaza was 90 percent leased at the time of sale. Other tenants include T.J. Maxx, Burlington, Goodwill, Chipotle Mexican Grill, Chuck E. Cheese’s, Mattress Firm and 2nd & Charles. Located on …
Cornelia, Ga. — Stan Johnson Co. has brokered the sale of a multi-tenant retail strip center located at 216 Carpenters Cove Lane in Cornelia. The 6,668-square-foot center is leased to Starbucks Coffee, Cricket Wireless and Jersey Mike’s Subs. Billy Benedict of Stan Johnson Co. represented the seller, a Florida-based investor group. Newburger-Andes acquired the property for $3.1 million. Built in 2019 on a 1.3-acre parcel, the center has direct frontage to U.S. Highway 441 South. At the time of sale, there was one available suite totaling 1,750 square feet that …
Elberton, Ga. — Bealls Outlet has signed a 17,000-square-foot lease for its first location in Elberton. The store’s new location will be at The Shopper’s Center in Elberton, a 43,273-square-foot shopping mall located 33 miles west of Athens, Georgia. Sam Krueger and Kaitlyn Theriot of Franklin Street represented the landlord, Vanguard Associates, while Monetha Cobb, Maggie Coppage and Sterling Hale of Franklin Street represented Bealls Outlet. The lease brings The Shopper’s Center to full occupancy. Bealls will co-anchor the center along with Tractor Supply with plans to take occupancy in …
Atlanta and Fort Lauderdale, Fla. — Atlanta-based furniture retailer The Aaron’s Co. has agreed to acquire BrandsMart USA. for $230 million. BrandsMart is an appliance and consumer electronics retailer with 10 stores in Florida and Georgia. For the 12 months that ended Dec. 25, 2021, the Fort Lauderdale, Florida-based company generated $757 million in revenue. The transaction is subject to closing adjustments and is expected to close during the second quarter. Upon closing, BrandsMart will report to Aaron’s president, Steve Olsen, and will continue to be headquartered in Fort Lauderdale. …
Roswell, Ga. — JLL Capital Markets has arranged the $29.5 million sale of Connexion at Holcomb Bridge, a 106,711-square-foot neighborhood retail center in Roswell, about 21 miles from downtown Atlanta. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL Capital Markets represented the seller, DNA Partners, in the disposition of the property to Brixmor Property Group. The center is home to tenants including Planet Fitness, Starbucks Coffee, Kale Me Crazy, My Salon Suite, Emory Healthcare Network, Dogtopia and From the Earth Brewing Co. Originally constructed in 1985, the property was …