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GeorgiaInvestment salesNews

Faris Lee Arranges $4.7 Million Sale of Retail Pad Building in Dalton, Georgia

by Hayden Spiess

Dalton, Ga. — Faris Lee Investments has arranged the $4.7 million sale of a free-standing retail pad building located in Dalton in northern Georgia. Developed in 2023, the two-tenant building features a drive-thru and is situated at the entrance to the Dalton Square shopping center. Starbucks Coffee and AFC Urgent Care currently occupy the property. Scott DeYoung, Jeff Conover, Don MacLellan and Greg Lukosky of Faris Lee represented the undisclosed seller in the transaction. A Georgia-based 1031-exchange private investor was the buyer. Tenants at Dalton Square include Food City, Ross Dress …

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DevelopmentGeorgiaGrocery-anchoredNews

Branch Properties to Develop 57,851-Square-Foot Publix-Anchored Shopping Center Near Savannah, Georgia

by Hayden Spiess

Hinesville, Ga. — Branch Properties has acquired 9.7 acres of land for Flemington Village, a 57,851-square-foot shopping center to be developed in Hinesville, approximately 40 miles southwest of Savannah. A 46,791-square-foot Publix will anchor the center, which is scheduled for completion in the third quarter of 2025. The property will also feature 11,060 square feet of inline retail space and an outparcel. 

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GeorgiaInvestment salesNews

JLL Brokers Sale of 44,966-Square-Foot Brookhaven Station Retail Center in Atlanta Suburb

by Hayden Spiess

Brookhaven, Ga. — JLL has brokered the sale of Brookhaven Station, a 44,966-square-foot retail center located in the Atlanta suburb of Brookhaven. SITE Centers acquired the property from Hendon Properties for an undisclosed price. Originally built in 1985, the center was renovated between 2022 and 2023. Tenants at the property include Chick-fil-A, Fox Bros. Bar-B-Q, Chop’t and Mellow Mushroom. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller in the transaction. 

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GeorgiaInvestment salesNews

Hendon Properties Acquires 85,565-Square-Foot Shopping Center in Georgia

by Hayden Spiess

Austell, Ga. — Hendon Properties has acquired East West Shops, an 85,565-square-foot shopping center located in Austell, Georgia. Concorde Group Holdings sold the property for $15.2 million. OneLife Fitness, Starbucks Coffee and Urgent Team anchor the center, which was 96 percent occupied at the time of sale. Brad Peterson, Scott Israel and Tommy Isola of Colliers brokered the sale on behalf of Concorde. 

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ArizonaCaliforniaFloridaGeorgiaInvestment salesKentuckyLouisianaNevadaNewsNorth CarolinaPennsylvaniaRestaurantsSouth CarolinaTennessee

FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million 

by Hayden Spiess

Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …

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GeorgiaNewsRestaurants

Chick-fil-A Opens First Elevated, Drive-Thru Only Restaurant in Metro Atlanta

by Hayden Spiess

McDonough, Ga. — Chick-fil-A has opened its first elevated, drive-thru only restaurant in the south Atlanta suburb of McDonough. The restaurant features four drive-thru lanes running below an elevated kitchen that is twice the size of a typical Chick-fil-A kitchen. Food reaches the delivery team members via a custom meal transport system that uses conveyer belt technology. Patrons can either order onsite with a Chick-fil-A team member or order ahead on the Chick-fil-A app, and the restaurant features dedicated lanes for both ordering methods, as well as “pull-aside lanes” for guests …

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GeorgiaLeasingMixed-useNews

Sugarcoat Beauty Signs Lease at 47-Acre Uptown Atlanta Mixed-Use Development in Atlanta

by Hayden Spiess

Atlanta — Sugarcoat Beauty has signed a lease at Uptown Atlanta, a 47-acre mixed-use development in Atlanta. Scheduled to open in early 2025, the concept will offer manicures, pedicures, facial, lash treatments and other services. Other tenants at the property — which features 120,000 square feet of retail and restaurant space, as well as office and community gathering spaces — include Roundhouse Kickboxing, The Commodore, J’ouvert Caribbean Kitchen, El Gordo, 26 Thai Kitchen and Bar and Bene Korean. Rubenstein Partners is the developer and landlord. 

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GeorgiaLeasingNews

Four New Tenants Open at The Avenue Peachtree City in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. —  Four new tenants have opened at The Avenue Peachtree City, a shopping center located in Peachtree City, roughly 30 miles outside Atlanta. Arhaus Studio, Kendra Scott, Motivate Studios and 9292 Korean BBQ now occupy 7,085; 2,000; 2,000; and 8,015 square feet at the property, respectively. American Eagle Outfitters also recently completed a renovation and has reopened at the center. JLL manages the property. 

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Company newsGeorgiaInvestment salesNews

Jamestown to Acquire Atlanta Subsidiary of North American Properties, Including $2B Real Estate Portfolio

by Hayden Spiess

Atlanta — Jamestown, a real estate development, investment and management firm based in Atlanta, has announced plans to purchase the Atlanta-based subsidiary of North American Properties (NAP), a prominent mixed-use developer and operator based in Cincinnati. Terms of the acquisition were not disclosed, but NAP’s Atlanta office had $2 billion in assets under management (AUM) as of June 30, 2024. That portfolio includes nine mixed-use destinations across six states on the East Coast. As part of the transaction, a Jamestown affiliate will make an investment in the platform’s portfolio comprising Colony …

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Company newsGeorgiaLeasingNewsRestaurants

Knuckies Hoagies Announces Partnership with Walmart

by Hayden Spiess

Milton, Ga. — Knuckies Hoagies, a sandwich concept founded in Milton in 2019, has announced a new partnership with Walmart. The brand has executed leases to open restaurants within 14 Walmart stores across six states, including Georgia, South Carolina, North Carolina, Oklahoma and Texas. According to a press release issued by the Knuckies Franchise Co., the partnership offers “a built-in customer base and prime locations.” 

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