CBRE Arranges Sale of 1.1 Million-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Fayetteville, Ga. — CBRE has arranged the sale of Fayette Pavilion, a 1.1 million-square-foot open-air retail center in Fayetteville, a city about 22 miles south of Atlanta. Fayette Pavilion is the largest open-air retail center in Georgia and also the most visited, with approximately 8.3 million annual visitors, according to CBRE. Developed on 106 acres from 1995 to 2003, the property is leased to tenants including Publix, Hobby Lobby, Burlington, Ross Dress for Less, Marshalls, PetSmart, Old Navy, pOpshelf, Dollar Tree and Five Below. Chris Decoufle, Kevin Hurley and Matt Karempelis of CBRE’s National Retail Partners’ Southeast team represented the seller, Nuveen Real Estate, and procured the buyer, 5Rivers CRE, in the transaction. 

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