Fayetteville, Ga. — Ackerman & Co. has purchased Uptown Square, a 71,839-square-foot neighborhood retail center located roughly 22 miles south of downtown Atlanta in Fayetteville, for $8.4 million. Uptown Square was fully leased at the time of sale by tenants including Goodwill, Harbor Freight Tools, T-Mobile and The UPS Store. Ackerman & Co. was self-represented in the purchase. Craig Taylor of CBRE represented the seller, SunCap Real Estate Investments.
Buford, Ga. — Hanley Investment Group has arranged the sale of Holland Point, a 68,187-square-foot, Publix-anchored neighborhood shopping center in the Atlanta suburb of Buford. Ed Hanley and Kevin Fryman of Hanley Investment Group, along with ParaSell Inc., represented the 1031 exchange buyer, a private investor based in Norco, California. Chris Decouflé, Kevin Hurley and Matt Karempelis of CBRE represented the seller, Watkins Real Estate Group, which sold the property for $20.1 million. Holland Point was built in 2020 on a 16-acre site at 4108 Hamilton Mill Road. The center …
Union City, Ga. — SRS Real Estate Partners has arranged the sale of Shannon Crossing, a 101,174-square-foot, Kroger-anchored shopping center located in Union City, about 17 miles south of downtown Atlanta. Forge Real Estate Partners III LP, a joint venture between Forge Capital Partners and The Sembler Co., sold the property for $19.4 million to an Atlanta-based entity doing business as Flesh and Soul Enterprises LLC. Kyle Stonis and Pierce Mayson of SRS represented the seller and the buyer was self-represented in the transaction. Located at 4550 Jonesboro Road, the …
Evans, Ga. — The Palomar Group has brokered the $2.3 million sale of a Starbucks Coffee-occupied retail property located at 3104 William Few Parkway in the Augusta suburb of Evans. The buyer was an investor based in Aiken, South Carolina, and the seller was an investor based in Augusta, Georgia. The Palomar Group was the only broker involved in the transaction. Built in 2021, the retail property spans 2,500 square feet. Starbucks Coffee has a 10-year lease and no termination clause at the property. The store is an outparcel of …
Atlanta — Atlanta-based Home Depot reported a drop of 5.8 percent in customer transactions in its fiscal second quarter that ended in August 2021, but the average ticket of customer sales was 11.3 percent larger than last year. As people go back to working in an office after working from home since the beginning of the pandemic, fewer shoppers visited Home Depot during the fiscal second quarter due to less interest in do-it-yourself projects, according to CNBC. The home improvement retailer reported $41.1 billion in sales during its fiscal second …
Johns Creek, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Abbotts Bridge Station, an 83,391-square-foot, H-Mart-anchored shopping center in the Atlanta suburb of Johns Creek. Zach Taylor and Andrew Margulies of IPA brokered the sale. Westwood Financial sold the property for $18.9 million. The buyer was not disclosed. The shopping center’s tenant roster includes Snow Mountain, Hong Kong Café, AT&T, Joy Pizza N Joy Chicken and White Windmill Bakery.
Loganville, Ga. — Stan Johnson Co. has arranged the sale of Midway Station, a 12,050-square-foot retail strip center located at 1009 Atlanta Highway in Loganville. The property was fully leased at the time of sale to tenants including Papa John’s Pizza. Jeff Enck of Stan Johnson Co. represented the sellers, a group of individual investors based in California. A Georgia-based private buyer purchased the property for $2.2 million.
Thomasville, Ga. — Stan Johnson Co. has brokered the $4 million sale of Thomasville Center, a 23,000-square-foot retail center located at 14669 U.S. 19 in Thomasville. The property was fully leased to Planet Fitness and DaVita at the time of sale. Brett Puckett and Ryan Roedersheimer of Stan Johnson Co., with support from Analyst Caleb Edwards, represented the seller, Vantage Thomasville Center LLC. Hawk’s Landing LLC purchased the property.
Stonecrest, Ga. — Marcus & Millichap has brokered the $2.4 million sale of Evanswood Shopping Center, 58,000-square-foot retail property located in the Atlanta suburb of Stonecrest. Tim Giambrone of Marcus & Millichap led his team in advising both the buyer, Vishal Evanswood LLC, and the seller, a local investor based in Roswell, in the transaction. Evanswood Shopping Center anchored by Dollar General and the YMCA. The property is located at 2906-2926 Evans Mill Road, just west of the 1.3 million-square-foot Mall at Stonecrest, which is anchored by Dillard’s and Macy’s.
Marietta, Ga. — SRS Real Estate Partners has brokered the $11 million sale of Market Square, a 137,889-square-foot shopping center located at 2932 Canton Road in Marietta. The center sits on 13.4 acres and houses tenants such as Big Lots, Ace Hardware and Planet Fitness. A privately held entity doing business as MSQ Realty LLC purchased the asset from an entity doing business as Wood Marietta Center LLC. Kyle Stonis and Pierce Mayson of SRS represented the seller in the transaction, and the buyer was self-represented.
