Georgia

Echo Street West

Atlanta — Vertical construction has begun at Echo Street West, a 19-acre mixed-use development by Lincoln Property Co. at the intersection of Donald Lee Hollowell Parkway and Northside Drive in Atlanta. At completion, the multi-phase project will include 300,000 square feet of creative office space, 50,000 square feet of retail and restaurant space, 292 multifamily units, event space and 3.4 acres of outdoor entertainment and green space. An event venue named Guardian Works recently opened at the property. Phase one of Guardian Studios and CoLab, a neighborhood creative office space …

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Covington Town Center

Covington, Ga. — TrueRate Services has arranged a $9.3 million refinancing for the final phase of Covington Town Center, a mixed-use development spanning 180 acres in Covington, roughly 35 miles east of Atlanta. Dan Gorczycki of TrueRate secured the financing through Thorofare Capital on behalf of the sponsor, an entity doing business as Covington Town Center LLC. The loan will be used for vacant retail parcels within the Town Center. Comprising 54.5 acres, the final phase of Covington Town Center includes retail outparcels that will be sold to individual retailer. …

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Roswell Market Place

Roswell, Ga. — JLL Capital Markets has brokered the $37.6 million sale of Roswell Market Place, a fully leased, 95,522-square-foot shopping center in the metro Atlanta city of Roswell. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the locally based seller, Branch Properties LLC, in the sale. East Coast Acquisitions purchased the property. Roswell Market Place is located at 10800 Alpharetta Highway. Built in 1986 and most recently renovated in 2015 and 2016, the center is anchored by Sprouts Farmers Market. The tenant roster also includes Starbucks, Chipotle, …

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Villages at Camp Creek

Atlanta, Ga. — Stan Johnson Co. has brokered the $5.3 million sale of Villages at Camp Creek, a 9,633-square-foot shopping center in Atlanta. Jeff Enck of Stan Johnson Co. represented the seller, a local private investor, in the disposition of the property to a group of individual investors from Georgia. Both parties were involved in 1031 exchanges. Located at 3530 Camp Creek Parkway, Villages at Camp Creek was fully leased at the time of sale to tenants including Verizon Wireless and American Deli. The center is located near Camp Creek …

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The Summit at Town Lake

Woodstock, Ga. — Continental Realty Corp. has acquired The Summit at Towne Lake, a 59,772-square-foot shopping center anchored by LA Fitness in the Atlanta suburb of Woodstock, for $11.6 million. Bryan Belk of Franklin Street represented both the buyer and the seller, a joint venture between RCG Ventures and DRA Advisors, in the transaction. Constructed in 2009, the center is located at 2060 Eagle Drive within the Towne Lake master-planned community. The property is 98 percent occupied by tenants including Marco’s Pizza, Palm Beach Tan and Family Orthodontics. The approximately …

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Petsuites

Newport News, Va. and Lawrenceville, Ga. — SRS Real Estate Partners’ National Net Lease Group has brokered the sales of two single-tenant retail properties for a combined $10.6 million. The properties are located in Newport News and Lawrenceville and were both built in 2020. Petsuites signed long-term, 20-year leases at both locations. Britt Raymond and Kyle Fant of SRS represented the seller, a North Carolina-based developer, in both 1031 exchange transactions. Both stores span 14,000 square feet. The Newport News location is located at 12533 Warwick Blvd. The property is …

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Irvine, Calif. — ValueRock Realty has acquired a property leased to CVS/pharmacy in Greenville, South Carolina, and two Chipotle Mexican Grill restaurants in Carrollton, Georgia, and Syracuse, New York for $5.9 million. The CVS/pharmacy property in Greenville was acquired for $2.06 million from an undisclosed New York-based individual. The tenant has 10 years remaining on its absolute, triple-net ground lease. The property leased to Chipotle Mexican Grill in Carrollton was acquired for $2.3 million from an undisclosed Georgia-based developer. The property triple-net-leased to Chipotle Mexican Grill in Syracuse was acquired …

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Publix-anchored Shopping Center

Atlanta, Ga. — A joint venture between Branch Properties and Carter is set to break ground on an 87,000-square-foot grocery-anchored shopping center in the Atlanta neighborhood of Summerhill. The center will be anchored by a 50,000-square-foot Publix Supermarket and will feature a two-level parking deck. Leasing at the development, which is scheduled for completion in fall 2022, is currently underway with roughly 37,000 square feet of space available for a variety of retail or service tenants. Carter is currently redeveloping the surrounding 19-block area into a hub for retail, dining, …

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Rose Bistro

Atlanta — Rosé Bistro & Champagne Bar is set to open this fall at Atlantic Station, a 138-acre retail, restaurant and entertainment destination in the West Midtown neighborhood of Atlanta. Situated near Atlantic Green, the 1,634-square-foot Rosé Bistro & Champagne Bar will offer indoor and outdoor dining and a full bar. Houston-based Hines is the property management firm at Atlantic Station. Additional tenants set to open at Atlantic Station this year include Azotea Cantina, LINDBERGH and Toscano Ristorante Italian.

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Rivermont Square

Alpharetta, Ga. — Skyline Seven Real Estate has arranged the $12.4 million sale of Rivermont Square, a 102,800-square-foot, Goodwill-anchored shopping center in the northern Atlanta suburb of Alpharetta. Kenny Holzer, Elliott Kyle and Chase Murphy of Skyline Seven represented the undisclosed seller in the transaction. Wes Allen with Pinnacle Leasing & Management LLC represented the undisclosed buyer. Rivermont Square includes a freestanding Starbucks Coffee, as well as a vacant outparcel previously occupied by Verizon Wireless. The 12-plus acre property is located at 8560 and 8514 Holcomb Bridge Road and is …

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