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GeorgiaLeasingNews

Six Tenants Sign Leases Totaling 22,636 Square Feet at Avenue West Cobb in Metro Atlanta

by Hayden Spiess

Marietta, Ga. — Six new tenants have signed leases at Avenue West Cobb, a shopping center located in Marietta, roughly 20 miles outside Atlanta. StretchLab and Walk-On’s Sports Bistreaux now occupy 1,156 and 6,890 square feet, respectively. The Peach Cobbler Factory and Vera Whole Health are scheduled to open early this year, in 1,400- and 5,500-square-foot spaces, respectively. Additionally, Warby Parker will open a 2,300-square-foot store at the property this spring. J.Crew Factory is also scheduled to open this spring and will occupy 5,390 square feet. JLL manages the property. 

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GeorgiaGrocery-anchoredInvestment salesNews

JLL Brokers $30 Million Sale of Matt Town Center in Metro Atlanta

by Hayden Spiess

Cumming, Ga. — JLL Capital Markets has brokered the $30 million sale of Matt Town Center, an 81,077-square-foot retail center located in Cumming, roughly 40 miles northeast of Atlanta. Publix anchors the property, which was built in 2020. Other tenants at Matt Town Center, which was 95 percent occupied at the time of sale, include Domino’s, Great Clips, North Shore Dry Cleaners, Grand Nails, Sage Dental, Reveille Café, Dunkin’ Donuts, The UPS Store, EasyVet and Zaxby’s. The sale also included roughly 3.9 acres of undeveloped land, zoned for retail and office …

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GeorgiaInvestment salesNews

JLL Arranges $18.5 Million Sale of Reynolds Crossing in Metro Atlanta

by Hayden Spiess

Duluth, Ga. — JLL Capital Markets has brokered the $18.5 million sale of Reynold’s Crossing, a 45,809-square-foot retail center located in Duluth, roughly 30 miles outside Atlanta. Built in 2004 and 2005, the property was fully leased at the time of sale. Tenants at the center include Little Caesar’s, The UPS Store, MetroPCS, Chase and Cricket Wireless. Brad Buchanan and Jim Hamilton of JLL represented the seller, Leaders Real Estate Group, in the transaction. Justin Miller of Marcus & Millichap procured the buyer. Jamie Safier of Marcus & Millichap secured financing …

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Publix-Merganser-Commons_LaGrange
FinanceFloridaGeorgiaGrocery-anchoredInvestment salesNews

BWE Secures $16 Million Financing for Two Shopping Centers in Florida, Georgia

by Hayden Spiess

West Palm Beach, Fla. and LaGrange, Ga. — BWE has secured two loans totaling $16 million for the financing of a pair of shopping centers located in Florida and Georgia. The deals include a $6 million loan for the refinancing of Palm Beach Commons, a 70,000-square-foot, Family Dollar-anchored retail center in West Palm Beach; and a $10 million acquisition loan for Publix at Merganser Commons, a newly built, Publix-anchored shopping center spanning 46,791 square feet in LaGrange. Logan Petersmeyer of BWE originated both loans, which are underwritten with full-term, interest-only payments. 

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GeorgiaNewsRestaurants

PRIMO Partners Acquires Two Ben & Jerry’s Stores in Georgia

by Hayden Spiess

Savannah and Tybee Island, Ga. — PRIMO Partners has acquired two Ben & Jerry’s stores in Georgia, making the organization the only operator of the brand in the state. The shops, which are located in Savannah and Tybee Island, will hold grand re-openings in 2024. PRIMO’s multi-brand portfolio now comprises 20 stores across metro Washington, D.C., Florida, Georgia, Missouri, North Carolina, South Carolina, Tennessee and Texas. 

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DevelopmentGeorgiaMixed-useNews

NAP to Add Entertainment Elements to 2.4 Million-Square-Foot Avalon Mixed-Use Development in Metro Atlanta

by Hayden Spiess

Alpharetta, Ga. — North American Properties (NAP) has announced plans for the addition of new entertainment elements at Avalon, a 2.4 million-square-foot mixed-use development located in the Atlanta suburb of Alpharetta. Construction is scheduled to begin in January 2024 and will include the addition of a raised, covered performance stage and an LED screen. The features will comprise 576 and 180 square feet, respectively. Avalon features 500,000 square feet of retail space, in addition to a hotel and office and residential space. NAP developed the project in 2012 and manages the …

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DevelopmentGeorgiaLeasingMixed-useNews

Connolly Signs Retail Tenants for $70 Million Mixed-Use Project in Metro Atlanta

by Hayden Spiess

Brookhaven, Ga. — Connolly has signed new tenants to Parkside on Dresden, a $70 million mixed-use development underway in the Atlanta suburb of Brookhaven. The four-acre development is scheduled to open in fall 2024 and will comprise residential units, as well as 32,000 square feet of retail and restaurant space. Tenants will include Confab Kitchen and Bar, Honeysuckle Gelato, Café Vendome, Clean Juice, El Valle, MIRAE and F45 Training. Mindy Elms and Ed O’Connor of Lavista Associates Inc. manage retail leasing at the property on behalf of Connolly.

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GeorgiaLeasingNews

Halpern Signs Leases Totaling 26,450 Square Feet at Old Orchard Square in Ellijay, Georgia

by Hayden Spiess

Ellijay, Ga. — Halpern Enterprises has signed two new leases totaling 26,450 square feet at Old Orchard Square, a 131,200-square-foot shopping center located in Ellijay. Halpern has owned the property, which is anchored by a 68,000-square-foot Ingles, since 1994. Marshalls will replace Black Bear Antiques in an 18,000-square-foot space, and Five Below will occupy 8,450 square feet at the center. Other tenants include BenchMark Physical Therapy, Okinawa Restaurant, UPS, Pizza King and Farmer’s Home Furniture. 

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Kelleytown Village
GeorgiaGrocery-anchoredInvestment salesNews

Franklin Street Arranges Sale of 66,387-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

McDonough, Ga. — Franklin Street has arranged the sale of Kelleytown Village, a 66,387-square-foot shopping center located at 3500 Highway 155 North in McDonough, roughly 30 miles southeast of Atlanta. Publix anchors the property, which was constructed in 2022. Other tenants at the center include Your Pie, Allure Nails, UPS and 100% Chiropractic. Bryan Belk and John Tennant of Franklin Street represented the seller, Georgia- and Alabama-based Venture South Investments, in the transaction. The buyer and sales price were not disclosed. 

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GeorgiaLeasingNews

Warby Parker to Open 2,004-Square-Foot Store at Shopping Center in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. — Warby Parker will open a 2,004-square-foot store at The Avenue Peachtree City, a retail center located in Peachtree City, roughly 30 miles outside Atlanta. Scheduled to open spring 2024, the store will be located between Barnet & Co. and European Wax Center. JLL manages the property. 

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