Georgia

Jonesboro, Ga. — Stan Johnson Co. has brokered the $9.3 million sale of a multi-tenant retail portfolio located roughly 17 miles south of Atlanta in Jonesboro. The portfolio includes the 69,868-square-foot Shops of Tara and a 4,164-square-foot outparcel occupied by Starbucks Coffee and AT&T. The properties are located at 6620 and 6564 Tara Blvd. Jeff Enck of Stan Johnson represented the seller, a private fund out of Australia, in the disposition of the properties to a Georgia-based investment group. 

Atlanta — Skyline Seven Real Estate has negotiated the $13.5 million sale of Greenbrier Crossing, a 48,515-square-foot retail center located near Greenbrier Mall in Atlanta. The property is anchored by Kroger, which was not included in the sale. The fully occupied center is home to tenants including CVS/pharmacy, Chase Bank, City Gear, Davita Dialysis, Anthem BlueCross BlueShield and CenterWell Primary Care. The buyer, seller and terms of the transaction were undisclosed, though Skyline reports that the property traded at its full list price. 

Augusta, Ga. — Matthews Real Estate Investment Services has negotiated the $20.5 million sale of Village Plaza, a shopping center in Augusta. The names of the seller and buyer were not released. Located at 270 Bobby Jones Expressway, Village Plaza features 208,269 square feet of retail space. Current tenants include Gold’s Gym, GNC, Bealls Outlet and Tractor Supply Co. The property is shadow anchored by Walmart. Johnny Blue Craig of Matthews Real Estate Investment Services represented the seller in the deal.

Suwanee, Ga. — Marcus & Millichap has brokered the $3.5 million sale of a single-tenant, net-leased restaurant in metro Atlanta ground leased to Chick-fil-A. Built in 2007, the property is located on a 1.2-acre lot at 1035 Peachtree Industrial Blvd. in Suwanee. A locally based, privately held buyer purchased the restaurant through a 1031 exchange in an all-cash transaction. Don McMinn of Marcus & Millichap’s Taylor McMinn Retail Group brokered the deal. “This transaction demonstrates the strong demand for trophy net-lease assets and the peak pricing they are commanding despite …

Garden City, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $8.3 million sale of Garden Grove, a Food Lion-anchored shopping center located adjacent to the Port of Savannah in Garden City.  The grocer, which has anchored the shopping center since 1990, recently extended its lease through 2031. Fletcher Bright Co. sold the 78,792-square-foot property to a private, North Carolina-based family office doing business as Berkshire-Hudson Capital XI.  The seller recently replaced the shopping center’s roof and executed nine lease renewals in 2021, including …

Conyers, Ga. — JLL has brokered the $82 million sale of Conyers Crossroads, a 465,993-square-foot shopping center in the east Atlanta suburb of Conyers. Serota Properties acquired the center from a joint venture between Hendon Properties and Harbert Management Corp. Built in phases between 2000 and 2005, Conyers Crossroads was fully leased at the time of sale to tenants such as Kohl’s, Belk, AMC Theatres, T.J. Maxx, Best Buy, HomeGoods, Michaels, Old Navy, Five Below and Shoe Carnival. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the seller …