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DevelopmentFloridaGeorgiaLeasingNewsRestaurants

Chick-fil-A to Open Four New Restaurants in Metro Miami

by Hayden Spiess

Atlanta — Atlanta-based fast-casual brand Chick-fil-A will open four new restaurants in metro Miami. Chick-fil-A has broken ground on the first of the units, which will comprise 4,800 square feet in Cutler Bay. Dustin Griffiths of Chick-fil-A and David Emihovich of Katz & Associates represented Chick-fil-A in the lease negotiations. Michael Berkowitz of Berkowitz Development Group and Douglas Landsea of Landsea Development are the landlords. Development is scheduled to begin on three additional restaurants — which will be located in Miami Shores, Pinecrest and Princeton — later this year. 

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CaliforniaFinanceGeorgiaNews

BWE Arranges $40.2 Million Financing for Four California Properties 

by Hayden Spiess

Columbus, Ohio — Ohio-based BWE has arranged loans totaling $40.2 million for four properties located in California. The deals included a $12.3 million bridge loan for the acquisition and redevelopment of a retail property located in Rancho Palos Verdes. The property, which was 67 percent preleased at the time of financing, is anchored by O’Reilly Auto Parts. Other tenants include Habit Burger, Mattress Firm, Urbane Café and California Fish Grill. Mike Guterman of BWE secured the financing through Calmwater Capital on behalf of the borrower, West Hive Capital.  BWE also secured …

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Tropical-Smoothie-Cafe
Company newsGeorgiaNew YorkNewsRestaurants

Blackstone Agrees to Acquire Tropical Smoothie Cafe for Nearly $2 Billion

by Hayden Spiess

Atlanta and New York City — Blackstone has entered into a definitive merger agreement to acquire Tropical Smoothie Cafe, a franchiser of fast-casual restaurants, from Levine Leichtman Capital Partners. The deal values the Atlanta-based smoothie chain at around $2 billion, including debt, according to The Wall Street Journal. Tropical Smoothie Cafe began as a single location in Destin, Florida, in 1997. The chain has grown to more than 1,400 locations in 44 states today. The company opened more than 175 locations in 2023, 70 percent of which were opened by existing franchisees. …

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Jones-Bridge-Triangle_Johns-Creek-Ga
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $8.4 Million Sale of Retail Center in Metro Atlanta

by Hayden Spiess

Johns Creek, Ga. — Marcus & Millichap has brokered the $8.4 million sale of Jones Bridge Triangle, a retail center located in Johns Creek, roughly 30 miles outside Atlanta. The unanchored property, which totals 33,133 square feet, was fully leased to 15 tenants at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the seller, a private investor, in the transaction. The buyer was also a private investor. 

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Fountain-Oaks_Sandy-Springs
GeorgiaGrocery-anchoredInvestment salesNews

Jamestown Acquires Two Shopping Centers in Metro Atlanta, South Florida

by Hayden Spiess

Sandy Springs, Ga. and Tamarac, Fla. — Jamestown has purchased two grocery-anchored shopping centers totaling roughly 284,000 square feet. The acquired properties include Fountain Oaks — a 160,000-square-foot, Kroger-anchored center in Sandy Springs, Georgia — and Tamarac Town Square, a 124,000-square-foot, Publix-anchored center located in Tamarac, Florida. The properties were 92 percent and 84 percent leased at the time of sale, respectively. Edens sold Fountain Oaks for an undisclosed price, and Regency Centers sold Tamarac Town Square for an undisclosed price. JLL represented both sellers in the transactions. Jamestown plans to …

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JCPenney
ColoradoFloridaGeorgiaInvestment salesNewsTexas

Partners Real Estate Arranges Sale of Three JCPenney Properties Totaling 302,161 Square Feet

by Hayden Spiess

Houston — Houston-based Partners Real Estate has arranged the sale of three JCPenney-occupied retail properties totaling 302,161 square feet. The stores are located in Newnan, Georgia; Kissimmee, Florida; and Aurora, Colorado. Dimitri Jordan of Partners represented the buyer in the transaction. 

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The-Center_Atlanta
DevelopmentGeorgiaMixed-useNews

CP Group Rebrands 1.2 Million-Square-Foot CNN Center in Downtown Atlanta to The Center

by Katie Sloan

Atlanta — CP Group has rebranded CNN Center, an iconic 1.2 million-square-foot office and retail building in downtown Atlanta, to The Center. The property has served as the headquarters for CNN for over 40 years and also features a large food court on the ground level that connects to State Farm Arena, home arena of the NBA’s Atlanta Hawks. The site also includes the Omni Atlanta Hotel at Centennial Park. CP Group plans to overhaul the former CNN Center to become a hub of world-class retail, dining, content creation and …

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DevelopmentGeorgiaGrocery-anchoredNews

Branch Properties to Develop 70,987-Square-Foot Grocery-Anchored Retail Center in Braselton, Georgia

by Hayden Spiess

Braselton, Ga. — Branch Properties has acquired a site in Braselton for the development of Braselton Village, a 70,987-square-foot retail center. A 48,387-square-foot Publix will anchor the 20-acre development. The center will also feature five outparcels ranging from one to two acres. Completion is scheduled for the second quarter of 2025. 

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Goldmine-Village_Dahlonega-Ga
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $4.4 Million Sale of Retail Center in Dahlonega, Georgia

by Hayden Spiess

Dahlonega, Ga. — Marcus & Millichap has brokered the $4.4 million sale of Goldmine Village, a 28,000-square-foot retail center located in Dahlonega. Walmart anchors the property, which was fully occupied at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the buyer, an entity doing business as AGW Goldmine LLC, in the transaction.  “This is a great long-term investment for our client,” says Abbott. “Dahlonega is a unique market in that it is directly in North Atlanta’s path of growth, but it’s tough to find inventory …

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Centennial-Yards_Atlanta
DevelopmentEntertainmentGeorgiaMixed-useNews

Centennial Yards Co. Unveils Plans for 480,000-Square-Foot Entertainment District in Downtown Atlanta

by Hayden Spiess

Atlanta — Centennial Yards Co., a development entity owned by CIM Group, has unveiled plans for a new entertainment district that will comprise the next phase of its $5 billion Centennial Yards mixed-use destination in downtown Atlanta. Spanning eight acres adjacent to Mercedes-Benz Stadium and State Farm Arena, the mixed-use entertainment will span 480,000 square feet across four buildings, in addition to a fan gathering area that the developer says will be heavily utilized during the games held in Atlanta during the 2026 FIFA World Cup. Designed by Gensler, the new …

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