Georgia

Sandy Springs, Ga. — Connolly, in a joint venture with Coro Realty Advisors, has purchased Sandy Springs Gateway, a 121,370-square-foot shopping center in Sandy Springs, about 16 miles from downtown Atlanta. Core Property Capital sold the property for $40.5 million. Anchored by Sprouts Farmers Market, the center was 82 percent leased at the time of sale to tenants including Snooze A.M. Eatery, Taka Sushi and Passion, Big B’s Fish Joint, Tupelo Honey Café, Blast fitness studio, Corks & Caps, The Whole Dog Market, Chipotle, Kale Me Crazy, Buttermilk Sky Pie …

Valdosta, Ga. — Marcus & Millichap has brokered the $7 million sale of Promenade Plaza, a 64,523-square-foot shopping center located in Valdosta. James Medefind, John Brigel, James Garner and Jim Shiebler of Marcus & Millichap represented the seller, an undisclosed limited liability company. Medefind also represented the undisclosed buyer in the transaction. Promenade Plaza was fully occupied at the time of sale by tenants including Shoe Carnival, Books-A-Million, Best Buy, Five Guys and Sleep Number.

Marietta, Ga. — SRS’ Investment Properties Group has brokered the $6 million sale of The Crossing at Windy Hill, a 32,000-square-foot retail center in Marietta. The property was occupied by tenants including FedEx Office at the time of sale. Kyle Stonis, Pierce Mayson and Boris Shilkrot of SRS represented the seller, Walco Investments LP, in the transaction. Billy Benedict of Stan Johnson Co. represented the buyer, Kenny Properties LLC.

Lawrenceville, Ga. — RealSource Group has arranged the $9.4 million sale of a single-tenant property occupied by LA Fitness at Lawrenceville Town Center, located about 31 miles from downtown Atlanta in Lawrenceville. Austin Blodgett of RealSource, in association with ParaSell Inc., represented the seller, DLC Management. The undisclosed buyer was a private investor based in Dallas. Built in 2020, the LA Fitness building spans 34,000 square feet. Tenants at Lawrenceville Town Center include Kroger, H&R Block, O’Reilly Auto Parts, Verizon Wireless, Aaron’s, Rainbow Shops, Ameris Bank, Coast Dental, Burger King, …

Atlanta — JLL Capital Markets has arranged the $38 million sale of 1010 Midtown, a 44,302-square-foot retail center located on Peachtree St. NE in Atlanta’s Midtown area. The center comprises the ground level of a 425-unit luxury condominium building that was not included in the sale. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL represented the seller, The Ardent Cos., in the disposition of the property to East Coast Acquisitions. Completed in 2008, 1010 Midtown is 94 percent leased to tenants including Sugar Factory, RA Sushi Bar, Piedmont Healthcare, …

Stonecrest, Ga. — The Palomar Group has arranged the sale of Turner Hill Marketplace, a 124,294-square-foot shopping center in Stonecrest, about 21 miles east of downtown Atlanta. A joint venture between M Street Holdings and Highline Real Estate Capital acquired the property for $16.8 million. The Palomar Group represented the seller, RCG Ventures, in the transaction. Built in 2001 and renovated in 2017, Turner Hill Marketplace was fully occupied at the time of sale by tenants such as Burlington, American Signature Furniture and Chapel Beauty.

Lake City, Ga. — Marcus & Millichap has brokered the $11.9 million sale of Lake City Commons, a 91,494-square-foot, Kroger-anchored shopping center in Lake City, roughly 13 miles south of Atlanta. Zach Taylor of Marcus & Millichap’s Taylor-McMinn Retail Group represented the seller, SomeraRoad, in the transaction. The buyer, Forge Capital, assumed the property’s existing CMBS debt with the acquisition.