LOGANVILLE, GA. — Dollar General will open a new store at 1901 Georgia Highway 81 in Loganville. The new store is set to employ about six to 10 people. “Dollar General is committed to delivering a pleasant shopping experience that includes a convenient location, a wide assortment of merchandise and great prices on quality products,” says Dan Nieser, senior vice president of real estate and store development of Dollar General. “We hope our Loganville customers will enjoy shopping at Dollar General’s new location.”
Southeast
SAVANNAH, GA. — In a joint venture with The Kroger Co., Blanchard & Calhoun Commercial has broken ground on Market Walk, a grocery-anchored retail center in Savannah. The new development will house the city’s largest Kroger supermarket and its first Dick’s Sporting Goods store. Market Walk will also house Chipotle Mexican Grill, Fiddler’s Crab House, The Original Pancake House, Super Cuts and John B. Rourke. Kroger is expected to open in April, while Dick’s Sporting Goods and the rest of the center will open in the fall.
MIAMI, HIALEAH AND HOLLYWOOD, FLA. — Franklin Street Real Estate Services has brokered the sale of 102 multifamily units in South Florida for approximately $8.3 million. The units are located in three different communities: Jaclyn Apartments in Hialeah, Garden View in Miami and a 10-unit apartment community in Hollywood. A Panamanian investor purchased the Jaclyn Apartments from Jaclyn LRP for approximately $6 million. Fly Away 2012 LLC, based in Buenos Aires, Argentina, purchased 20 condominium units in the 68-unit Garden View property from Unique Yidios LLC for approximately $1 million. Van Buren Holdings Inc., which was backed by a foreign investor, purchased the Hollywood apartment community located at 343 Van Buren St. from 720 Property LLC for approximately $1.2 million. Deme Mekras, Elliot Shainberg and David Reinke of Franklin Street Real Estate Services represented the sellers in all three transactions, as well as Fly Away 2012 LLC in the Miami transaction.
CLARKSTON, GA. — Pembrook Capital Management LLC has provided a $13.7 million bridge loan for the recapitalization and renovation of Alden Ridge, a 368-unit garden-style apartment community located in Clarkston, a northeast suburb of Atlanta. The property is located on the south side of Post Oak Road and the east side of Brockett Road. The borrower plans to use the financing to pay off an existing loan, recapitalize its ownership structure, fund property renovations and pay any closing costs and fees.
ANDERSON AND GREENVILLE, S.C. — NAI Earle Furman has arranged the sale of three apartment communities, including the 32-unit Newport Commons in Anderson, the 48-unit Colony North and the 36-unit Colony Place, both located in Greenville. The buyer, DHP Real Estate, purchased all three communities for $3.6 million. Tony Bonitati and Kay Hill of NAI Earle Furman represented the seller, Upstate Property Rentals LLC, in the transaction.
GREENVILLE, S.C. — Windsor/Aughtry Co., a commercial real estate developer and brokerage firm based in Greenville, plans to develop a 156-suite Embassy Suites Hotel in downtown Greenville. The hotel will be located along River Street and the Reedy River within RiverPlace, a mixed-use development featuring residential, office and dining components. The hotel will feature a restaurant and bar at the lobby level, a roof-top deck, board rooms, banquet facilities, an indoor pool, business center and fitness center.
NORCROSS, GA. — PointOne Holdings, a commercial real estate investment firm, has purchased Grove Park Apartments, a 312-unit garden-style apartment community located in Norcross. PointOne Holdings purchased the property for approximately $12.8 million through Auction.com from CW Capital, the property’s special servicer. A10 Capital provided acquisition and renovation financing for PointOne Holdings. The company plans to invest $2.5 million in capital improvements to the property, which will include interior upgrades, siding replacement, mechanical systems enhancements and a boost in curb appeal. PointOne Holdings will also add a business center, dog park, security cameras and outdoor barbecue areas.
BOCA RATON, FLA. — Allen Edmonds, a U.S.-based manufacturer of premium men’s footwear and accessories, has signed a 10-year lease for retail space at The Shops at Boca Center, a 116,000-square-foot mixed-use lifestyle center in Boca Raton. The Shops at Boca Center, located at 5050 Town Center Circle, is fully leased to tenants including AT&T Wireless, Panera Bread, Starbucks Coffee, Morton’s, Brio Tuscan Grille, Total Wine & More and Verizon Wireless. Allen Edmonds has 47 stores in the United States. Lisa Ferrazza of CBRE represented the landlord in the lease transaction. Drew Schaul of Robert K. Futterman & Associates represented Allen Edmonds.
ATLANTA — Lincoln Property Co. Southeast has arranged two leases totaling more than 22,500 square feet at 1165 Northchase Parkway, an office building in Atlanta’s Galleria/Cumberland submarket. The four-story property is located in the Northchase Office Park development. Hunter Henritze and Jeff Henson of Lincoln Property Co. Southeast represented the landlord, JP Partners, in both transactions. The transactions include Crane Materials International signing a five-year lease for 14,484 square feet and Pinkerton & Laws signing a five-year lease renewal/expansion for a total of 8,093 square feet. Ryan Cone of Cone Middour Partners represented Crane Materials in its lease negotiations, while Gary Waddell of Cushman & Wakefield represented Pinkerton & Laws in its lease renewal/expansion.
ATLANTA — Novare Group, Batson-Cook Development Co. and Ackerman & Co. have broken ground on SkyHouse Buckhead, a $72 million luxury apartment building. The 26-story SkyHouse Buckhead, located on Stratford Road just off Peachtree Road, will include 362 one-, two- and three-bedroom units. The high-rise building will be connected to the Buckhead Marta station. SkyHouse Buckhead will feature a clubroom, fitness area and outdoor plazas with an infinity swimming pool and fireplaces. The property is the eighth SkyHouse branded project for the team and its third in Atlanta, following SkyHouse Midtown and SkyHouse South. The building is scheduled for completion in the first quarter of 2015.