Georgia

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 …

Lawrenceville, Ga. — Zach Taylor of the Taylor-McMinn Retail Group, a team within Marcus & Millichap’s Institutional Property Advisors (IPA) division, has brokered the $12.6 million sale of Village Shoppes at Creekside, a 98,859-square-foot shopping center in Lawrenceville. The center is located at 860 Duluth Highway in Gwinnett County, about 31.6 miles from downtown Atlanta. Tenants at the property include Badcock Furniture and Harbor Freight Tools. Taylor represented the seller, Lamar Cos., in the transaction. Azad Commercial Realty Services, a private investor, purchased the property.

Suwanee, Ga. — Stan Johnson Co. has arranged the sale of Suwanee Celebration Village, a 14,388-square-foot shopping center in the Atlanta suburb of Suwanee. Jeff Enck, Brian Lane and Emery Shane of Stan Johnson Co. represented the seller, a locally-based group of private investors. A McDonough, Georgia-based individual investor acquired the property for $5.1 million. Built in 2019, the center was fully leased at the time of sale to seven tenants including Verizon Wireless and ATI Physical Therapy.

Augusta, Ga. — JLL Capital Markets has arranged the $18.6 million sale of Crane Creek, a 58,249-square-foot neighborhood retail center located in Augusta. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller, a partnership between Mirabeland Investments and Concordia Properties, in the disposition of the property to Medipower Overseas. Greg Gaughan and Hunter Goldberg, also of JLL, secured acquisition financing through Ameris Bank on behalf of the buyer. Sprouts Farmers Market anchors the center, which was 96 percent leased at the time of sale to tenants including …

Woodstock, Ga. — Connolly has acquired Towne Lake Plaza, a 28,000-square-foot shopping center located 30 miles northwest of Atlanta in downtown Woodstock. Murchison Commercial Real Estate Inc. sold the center for $4.1 million. Built in 1990, the center was fully leased at the time of sale to tenants including J. Millers Smokehouse, The Blue Ghost Arcade, Gyro Aegean Grill, Alkaline Dry Bar, Dive Georgia and Wags & Wiggle Pet Boutique. Credit Union Business Services provided acquisition financing for the transaction. Retail Planning Corp. will manage the center and Connolly’s retail …

Thomson, Ga. — Stan Johnson Co. has brokered the sale of Thomson Plaza, a 96,495-square-foot retail center located at 308-324 W. Hill St. in Thomson, about 33 miles west of Augusta. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the seller, an entity doing business as Thomson Plaza LLLP, which had owned the grocery-anchored property for over 49 years. A private 1031 exchange buyer from Statham, Georgia, purchased the center for approximately $3.3 million. Thomson Plaza is a KJ’s Market-anchored community center situated on more than 10.5 acres. …

Atlanta — JLL Capital Markets has arranged the $16 million sale of Main Street South Fulton, a 129,449-square-foot, Kroger-anchored retail center in the Atlanta-area community of South Fulton. The center is fully leased to retailers including Dollar Tree, Rainbow USA, Pizza Hut and Subway. Located at 6055 Old National Highway, the center is approximately three miles south of Atlanta’s Hartsfield-Jackson International Airport. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL represented the seller, M&P Shopping Centers. Benjamin Bruner of the Bruner Group represented the buyer, Irgang Group Inc.