Georgia

Atlanta — CBRE National Retail Partners has brokered the sale of Park Place, an 82,097-square-foot retail property in Atlanta’s Central Perimeter. Edens purchased the center from Coro Realty Advisors for an undisclosed amount. Chris Decoufle, Kevin Hurley and Matt Karempelis of CBRE represented the seller in the transaction. Built in 1978, the property was 92 percent occupied at the time of sale by tenants including Alon’s Bakery and Market, Fidelity Investments, Jared Galleria of Jewelry, Allen Edmonds, Expedia Travel, Balance Salon and The Brass Tap.

Dawsonville, Ga. — Stan Johnson Co. has arranged the sale of Dawson Forest Shopping Center, a 10,100-square-foot shopping center located at 802 Georgia Highway 400 South in Dawsonville. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the private, Atlanta-based buyer in the acquisition of the property from an undisclosed seller for $1.7 million. Built in 1998 and renovated in 2018, the center was 72 percent occupied at the time of sale.

Douglasville, Ga. — A joint venture between Connolly and Coro Realty has sold Arbor Square, a 127,195-square-foot shopping center located roughly 23 miles outside Atlanta in Douglasville. ALTO Real Estate Funds purchased the property for $18.4 million. Mark Joines and Drew Fleming of Newmark arranged the sale. Developed by Connolly in 1977, Arbor Square was fully renovated in 2018 and was 97 percent occupied at the time of sale by tenants such as Burlington, HomeGoods, Skechers, Starbucks Coffee, Five Guys and Del Taco.

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 …