Georgia

Alpharetta Commons

Alpharetta, Ga. — Hanley Investment Group Real Estate Advisors has arranged the $24.6 million sale of Alpharetta Commons, a 94,500-square-foot shopping center located in the Atlanta suburb of Alpharetta. Publix anchors the property, which is 98.7 percent occupied by tenants including Sports Clips, T-Mobile, a nail salon, dry cleaners, a liquor store and food and beverage outlets. Ed Hanley and Kevin Fryman of Hanley Investment Group, along with ParaSell Inc., represented the 1031 exchange buyer, a private investor based in Southern California. Chris Decouflé, Kevin Hurley and Matt Karempelis of …

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Cherokee Commons

Acworth, Ga. — SRS’ Investment Properties Group has brokered the $11.4 million sale of Cherokee Commons Shopping Center, a 103,719-square-foot property located 33 miles outside Atlanta in Acworth. Built in 1986, the center is currently 91 percent occupied by tenants including Kroger, Pet Supplies Plus and Cosmo Prof. Kyle Stonis and Pierce Mayson of SRS represented the seller, Collett Capital, in the disposition of the property to Bandera Ventures. The buyer was self-represented in the transaction.

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Cofer Crossing

Tucker, GA. — JLL Capital Markets has arranged the $20 million sale of Cofer Crossing, a 136,139-square-foot shopping center located 20 miles outside Atlanta in Tucker. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the seller, a partnership between SITE Centers Corp. and Madison International Realty. A private buyer based in Ontario, California, acquired the asset in a 1031 exchange and was represented by Hanley Investment Group’s Ed Hanley and Kevin Fryman, along with ParaSell Inc. Kroger and HomeGoods anchor the fully leased center.

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Top Golf

Buford, Ga. — Topgolf Entertainment Group has opened a fourth Georgia venue in Buford, roughly 38 miles outside Atlanta. The property anchors the Exchange at Gwinnett, a mixed-use project by Fuqua Development near the Mall of Georgia. The multi-level Topgolf Buford location will feature 72 climate-controlled hitting bays and a chef-driven food and beverage menu that guests can order from during their stay. The Exchange at Gwinnett features more than 465,000 square feet of retail, restaurants, office space, hotel space and residential units. Additional tenants include retailers such as Five …

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Restoration Hardware

Atlanta — JLL Capital Markets has arranged the $50 million sale of a 63,831-square-foot store in Atlanta’s Buckhead district leased on a long-term basis to Restoration Hardware. Jim Hamilton, Coler Yoakam, Brad Buchanan and Andrew Kahn of JLL represented the seller, a partnership between an affiliate of LaSalle’s Income & Growth value-add fund series, Ferncroft Capital, Redan Group and Blackmount Real Estate Partners. Restoration Hardware has occupied the five-story building since it was constructed in 2014. The property is located on 1.6 acres at 3030 Peachtree Road across the street …

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Publix

Atlanta — Publix will occupy a 42,514-square-foot space within the second phase of The Interlock, a mixed-use development underway at the intersection of Ethel Street and Northside Drive in Atlanta’s West Midtown district. Demolition for the site will begin in May and vertical construction is expected to begin during fall 2022. S.J. Collins Enterprises is the landlord. Phase I of The Interlock is a nine-acre, mixed-use property located at 1115 Howell Mill Road N.W. The development includes 200,000 square feet of office space; 105,000 square feet of retail and restaurant …

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Lenox Marketplace

Atlanta — Atlanta-based Selig Enterprises and State Teachers Retirement System of Ohio have acquired Lenox Marketplace, a 421,000-square-foot retail center in Atlanta’s Buckhead district. Selig will oversee leasing at the center and will serve as the asset and property manager. The seller and sales price were not disclosed. Located at the intersection of Peachtree and Wieuca roads and across the street from Phipps Plaza, Lenox Marketplace spans 9.4 acres with a mix of retail and dining options. The multi-level retail center is anchored by Publix, Target, Dick’s Sporting Goods and …

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Highside Market

Columbus, Ga. — The Cotton Cos. is bringing Highside Market, an urban infill and adaptive reuse mixed-use development, to Columbus. The first phase of the development is expected for completion in September, and Cotton Cos. plans to fully open the project by the third quarter of 2022. Located at the intersection of 13th Street and 2nd Avenue, Highside Market will feature four retail, dining, work and gathering spaces. The mixed-use development will also include full-service, dine-in and fast-casual restaurants; 20,000 square feet of retail space; 10,300 square feet of office …

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Kroger

Conyers, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $12.7 million sale of Conyers Square, a 90,218-square-foot, Kroger-anchored shopping center in Conyers. Zach Taylor and Don McMinn of IPA’s Taylor McMinn Retail Group represented the seller, Sansome LLC, and procured the buyer, Forge Capital Partners. Conyers Square was constructed on 11 acres in 1985. Additional tenants include Sunny’s Beauty Supply, Sapphire Nails, Lendmark Financial and H&R Block.

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The Grove at Towne Center

Snellville, Ga. — A joint venture between the City of Snellville, CASTO and MidCity has broken ground on The Grove at Towne Center, an 18-acre mixed-use project located 30 miles outside Atlanta. The $85 million first phase of development will include over 50,000 square feet of retail, restaurant, office and entertainment space alongside 262 multifamily units. In addition, Elizabeth Williams Library will be constructed, which is set to include a second-floor business development and accelerator space.

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