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DevelopmentGeorgiaGrocery-anchoredNews

Trader Joe’s to Open 13,500-Square-Foot Grocery Store at Halcyon Mixed-Use Development in Metro Atlanta

by Katie Sloan

Alpharetta, Ga. — RocaPoint Partners has announced that Trader Joe’s will open a new 13,500-square-foot grocery store at Halcyon, a mixed-use development in the north Atlanta region of Forsyth County. Located in Alpharetta near the Big Creek Greenway trail, the grocery store will be situated next to the new Chick-fil-A as part of the third phase of Halcyon, which recently celebrated its fifth anniversary of operation. Other committed tenants of Halcyon’s Phase III include Chewy Vet Care, Chase Bank and Five Guys. Halcyon also includes The Village Green central gathering space for …

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Collection-Forsyth_Cumming
GeorgiaLeasingNews

CTO Announces New Retail Openings, Leases at Collection at Forsyth in Metro Atlanta

by Katie Sloan

Cumming, Ga. — CTO Realty Growth Inc. has announced a round of new retail openings and leases at The Collection at Forsyth, an open-air mixed-use development in Cumming, an Atlanta suburb in Forsyth County. Sephora and Kilwins opened new locations at The Collection in November, and boutique Pilates fitness concept Bodyrok and pickleball concept The Picklr have recently signed leases to join the tenant roster. Sherri Wilson of JLL handles retail leasing at The Collection on behalf of CTO. Additionally, True Rest Float Spa and Bahama Buck’s are set to open …

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Lakeshore-Mall-Redevelopment_Gainesville-Ga
DevelopmentGeorgiaMallsMixed-useNews

Branch Properties Plans Mixed-Use Redevelopment of 492,798-Square-Foot Lakeshore Mall in Gainesville, Georgia

by Hayden Spiess

Gainesville, Ga. — Branch Properties has announced plans for the redevelopment of Lakeshore Mall, a 492,798-square-foot retail property located in Gainesville, roughly 55 miles northeast of Atlanta.  Plans for the mixed-use redevelopment include 305,444 square feet of retail space, as well as 652 multifamily units and 38,200 square feet of outdoor community greenspace. The property will also have the capacity for the future development of a hotel and townhomes.  Current Lakeshore Mall anchors Dick’s Sporting Goods and Belk will remain open throughout the project, with the former relocating to a new …

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Outlet-Collection-Seattle_Auburn-Wash
GeorgiaInvestment salesNewsWashington

Lightstone Acquires Outlet Collection Seattle for $82 Million

by Hayden Spiess

Auburn, Wash. — Lightstone has acquired The Outlet Collection Seattle, an enclosed mall located in Auburn, roughly 30 miles south of Seattle. Tenants at the property, which totals 920,000 square feet, include Nordstrom Rack, Burlington, Best Buy, Dave & Busters, Polo Ralph Lauren, Kate Spade, Ulta Beauty, Coach, Nike, Adidas and Michael Kors. The mall was 98 percent occupied at the time of acquisition. Lightstone plans to implement $10 million of capital improvements and tenancy upgrades. Nicholas King, Michele Dawson and Scott Ferguson of FFO Real Estate Advisors will manage outlet …

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North-Point-Village_Alpharetta
GeorgiaInvestment salesNews

Coro Realty Sells Shopping Center in Metro Atlanta for $19 Million

by Hayden Spiess

Alpharetta, Ga. — Coro Realty Advisors has sold North Point Village, a 57,219-square-foot shopping center located in the northern Atlanta suburb of Alpharetta. Mimms Enterprises purchased the property for $19 million. Fred Victor of Atlantic Retail brokered the transaction. Tenants at the center, which is situated on 5.2 acres adjacent to North Point Mall, include Talbots, Kohler and Learning Express.

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Publix_Dacula-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Hanley Brokers $25 Million Sale of New Publix-Anchored Shopping Center in Dacula, Georgia

by Hayden Spiess

Dacula, Ga. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of Publix at Harbins 316, a shopping center located in Dacula, roughly 40 miles outside Atlanta. Tenants at the center, which is anchored by Publix, include Great Clips, Starbucks Coffee, Jersey Mike’s Subs, Wingstop, The UPS Store and Heartland Dental. Ed Hanley and Kevin Fryman of Hanley, with ParaSell Inc., represented the buyer, a San Diego-based investor, in the transaction. Chris Decouflé, Kevin Hurley and Matt Karempelis of CBRE represented the seller, Watkins Real Estate Group.

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Papermill-Plaza_Knoxville_Whole-Foods
FinanceFloridaGeorgiaGrocery-anchoredKentuckyNewsTennessee

CBRE Arranges $171.4 Million Refinancing for Shopping Center Portfolio in the Southeast

by Hayden Spiess

Atlanta — CBRE has arranged a $171.4 million loan for the refinancing of an eight-property portfolio of grocery-anchored shopping centers in the Southeast. Comprising roughly 1.2 million square feet, the portfolio was 96.6 percent leased at the time of financing to 194 tenants including Kroger, Publix and Whole Foods Market. PGIM provided the financing to the borrowers, Branch Properties and Corebridge Real Estate Investors (formerly AIG Global Real Estate). Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE arranged the loan, which was used to refinance the existing mortgages …

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Northlake-Square_Tucker
GeorgiaGrocery-anchoredInvestment salesNews

Greenberg Gibbons Purchases Shopping Center in Tucker, Georgia for $17.3 Million

by Hayden Spiess

Tucker, Ga. — Greenberg Gibbons has acquired Northlake Square, a retail center located in Tucker, for $17.3 million, marking the company’s entrance into the Georgia market. Built in 1988, the property totals 82,578 square feet. Tenants at the center, which was 98 percent leased at the time of sale, include Aldi and Best Buy. Greenberg Gibbons purchased Northlake Square through its investment vehicle Greenberg Gibbons Real Estate Income Fund I. 

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Medley_Johns-Creek
DevelopmentFinanceGeorgiaMixed-useNews

Toro Development Obtains Construction Financing for $560 Million Medley Mixed-Use Development in Metro Atlanta

by Hayden Spiess

Johns Creek, Ga. — Toro Development Co. has obtained construction financing for Medley, a $560 million mixed-use project in the Atlanta suburb of Johns Creek. Toro plans to break ground on the 43-acre development in December, with the opening scheduled for late 2026. The financing includes an undisclosed amount of equity from private equity firm Ascentris, as well as a $158 million construction loan from Banco Inbursa. Upon completion, Medley will feature 150,000 square feet of retail, restaurant and entertainment space; a 175-room boutique hotel; 110,000 square feet of office space; …

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Roswell-Village-Shopping-Center_Roswell-Ga
GeorgiaInvestment salesNews

Sterling Organization Sells Roswell Village Shopping Center in Metro Atlanta

by Hayden Spiess

Roswell, Ga. — Sterling Organization has sold Roswell Village Shopping Center, a retail center located in Roswell, roughly 25 miles north of Atlanta. Revesco Properties purchased the center for an undisclosed price. Tenants at the property, which was 94 percent leased at the time of sale, include Ross Dress for Less, Marshalls and Crunch Fitness. Sterling originally acquired the center in 2014 for $10.6 million. Jim Hamilton of JLL brokered the sale on behalf of Sterling. 

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