Georgia

Sandy Springs, Ga. — CBRE has brokered the sale of The Shoppes at Arabelle Perimeter, a 17,199-square-foot street-front retail condominium in Sandy Springs, about 17 miles north of downtown Atlanta. Located at 1110 Hammond Drive, the property occupies the ground floor of a 384-unit multifamily building called Arabelle Perimeter situated at the corner of Hammond Drive and Peachtree Dunwoody Road. Developed in 2017, the retail condominium is home to tenants including Grub Burger Bar, Just Love Coffee, Rush Bowls and Local Wood Fired Grill. A real estate fund advised by …

McDonough, Ga. — Halpern Enterprises Inc. has acquired McDonough West, an 80,773-square-foot shopping center in McDonough, roughly 30 miles southeast of Atlanta. Harbour Retail Partners sold the property for an undisclosed price. Built in 2000, McDonough West was 92 percent leased at the time of sale and anchored by a 30,000-square-foot Goodwill Store and Donation Center. Additional tenants include Planet Fitness, Dollar Tree, Subway and Cato, along with a Delta Community Credit Union located on an outparcel at the front of the property.

Fort Oglethorpe, Ga. — Stan Johnson Co. has arranged the sale of The Forts, a 5,013-square-foot, two-tenant retail center located in Fort Oglethorpe, about eight miles from Chattanooga. Ryan Roedersheimer of Stan Johnson Co. represented the seller, a Tennessee-based investor. An individual investor from Cumming, Georgia, acquired the property for $1.8 million. Built in 2018, the building is fully leased to America’s Best Contacts & Eyeglasses and Buff City Soap on long-term triple net leases.

Hiram, Ga. — Colliers International has brokered the $8.3 million sale of Paulding Pavilion, a 78,346-square-foot shopping center in Hiram, roughly 26 miles northwest of downtown Atlanta. Scott Israel and Joe Montgomery of Colliers represented the seller, The Ardent Cos., in the disposition of the property to an undisclosed private investor. Built in 1996 and renovated in 2004, Paulding Pavilion was fully leased at the time of sale to tenants including Bargain Hunt, Big Air Trampoline Park and America’s Best Contacts & Eyeglasses.

Albany, Ga. — Marcus & Millichap has arranged the $9 million sale of Cross Station Shopping Center, a 166,593-square-foot, Food Lion-anchored property located in Albany. David Gant and Lori Schneider of Marcus & Millichap represented the seller and the buyer, both undisclosed limited liability companies, in the transaction. John Leonard of Marcus & Millichap assisted in the closing. Located at 2800 Old Dawson Road, the center was 88.2 percent occupied at the time of sale by tenants including UPS, Ross Dress For Less, Beall’s Outlet, JOANN Fabric and Crafts, Plato’s …