Columbus, Ga. — Mag Mile Capital has secured $3 million in acquisition financing for a triple-net-leased retail property located at 3498 Victory Drive in Columbus. The 3,648-square-foot retail property is fully leased to Caliber Car Wash. Paula Mello and Matt Weilgus of Mag Mile Capital arranged the 10-year, fixed-rate loan through an undisclosed regional credit union on behalf of the borrower, Freeport Equity. The loan features a 25-year amortization schedule.
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.
East Point, Ga. — Mynd Match Development Group LLC has announced plans to develop The Commons, a $111 million mixed-use project in downtown East Point, about 7 miles south of downtown Atlanta. Last month, the East Point City Council voted to enter a development agreement with Mynd Match for the project. The development will sit on a 9-acre site and feature commercial, retail and residential space, alongside green space and public art. The project team includes TVS as architect and urban planner and Choate Construction as general contractor. CoRErep will …
Atlanta — Jamestown has expanded the Central Food Hall at Ponce City Market, a mixed-use development located in Atlanta. The new wing adds 5,000 square feet to the food hall, which will be home to restaurants and retailers including Nani’s Piri Piri Chicken, JJ’s Flower Shop, VIỆTVANA, Spicewalla Storefront and Umbrella Bar. Nani’s Piri Piri Chicken and JJ’s Flower Shop opened on Nov. 29; VIỆTVANA will open during the month of December; and Spicewalla Storefront and Umbrella Bar will open early next year. While Spicewalla’s new storefront is being built, …
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 …
Atlanta — Phase II of development is currently under way on The Interlock, a $450 million mixed-use project located in the Midtown neighborhood of Atlanta. Developed by SJC Ventures, the new phase will include a 42,500-square-foot Publix grocery store, 186,000 square feet of office space, 40,000 square feet of retail and a student housing community serving students attending nearby Georgia Tech. Phase I of the project features 200,000 square feet of technology-focused office space; 105,000 square feet of retail and restaurant space; 349 luxury apartments; 18 townhomes; 70 single family …
Atlanta — GID Development Group has broken ground on the first phase of High Street, a $2 billion, 36-acre mixed-use development in Atlanta’s Central Perimeter. Phase I of High Street will deliver 150,000 square feet of retail and restaurants and an approximately 7,500-square-foot lawn. Located at the intersection of Perimeter Center Parkway and Hammond Drive, High Street will be situated close to the Dunwoody MARTA Station. Upon completion of all phases, High Street will encompass 672,000 square feet of Class A office space, a 400-key hotel, 400,000 square feet of …
Albuquerque, NM., Conyers, Ga., and Mandeville and Marrero, La. — Faris Lee Investments has arranged the $13.9 million sale of four properties ground leased to Chick-Fil-A. Jeff Conover and Scott DeYoung of Faris Lee Investments represented the sellers, local developers from both the Southeast and Southwest regions of the United States. Faris Lee also procured the 1031 exchange buyers, who were based out of the West Coast, Southwest and Northeast regions. The properties are occupied under an average 15-year lease term and are located in Albuquerque, New Mexico; Conyers, Georgia; …
Salisbury, N.C. — Food Lion has remodeled 87 stores across Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia for $127 million. The company’s recently unveiled new format offers a wider variety and assortment of goods across all departments; a greater number of natural, gluten-free and organic items; a larger variety of local craft beer and limited reserve wines; a bigger selection of easy and affordable meals for families; a wider variety of grab-and-go items and pre-sliced deli meats and cheeses; a larger selection of fresh produce and meat; a …
