Lincoln Property Company Southeast (Lincoln) has acquired in partnership with Stockbridge, Barrett Pavilion, a 458,740-square-foot, value add retail center located within Cobb County at Ernest W Barrett Parkway NW and Cobb Place Boulevard NW in Kennesaw, Georgia. Lincoln and Stockbridge have plans to reinvigorate the center through strategic leasing, densification and repurposing of some of… Read more »
Lincoln Property Company Southeast (Lincoln) has been appointed by Asherian to handle property management for a portfolio of five retail properties and one office building. Lincoln Senior Vice President Shane Froman will oversee management on behalf of the owner. Lincoln FleetFix will also provide ongoing and preventative property maintenance services. The portfolio includes the following… Read more »
A second location of Midtown’s health food-focused restaurant MetroFresh opens to the public on Wednesday, August 21, at One Midtown Plaza on Peachtree Street. The original MetroFresh, owned by retired actor Mitchell Anderson, resides in the Trader Joe’s-anchored Midtown Promenade complex on Monroe Drive. The restaurant includes a full cocktail and coffee bar and seating inside and… Read more »
Lincoln Property Company Southeast has been selected to manage The Exchange at Hammond and Parkside Shopping Center, connected retail centers located in Sandy Springs, GA. Lincoln Vice President Shane Froman will oversee management of the retail centers, led by Senior Portfolio Manager Susan Jones. Jamestown Urban Management, L.P. owns the properties. The Exchange offers 179,376… Read more »
Lincoln Property Company Southeast has been awarded the management assignment for a portfolio of grocery-anchored shopping centers owned by Jamestown Properties. Lincoln Vice President Shane Froman oversees management of the properties, which is led by Senior Portfolio Manager John Grozine. Shopping centers included in this agreement include: Parkaire Landing Shopping Center in Marietta, Georgia; Doral… Read more »
Lincoln Property Company Southeast, on behalf of a private client, has purchased Shops at Towne Lake and Buckhead Crossing, a dominant Sprouts-anchored shopping center located in Woodstock, Georgia. Lincoln purchased the centers from Harbour Retail Partners on behalf of a private buyer. Chip Sipple of Lincoln handled the acquisition of the properties locally. Lincoln… Read more »
Amazon eyes third massive Georgia facility According to the Atlanta Business Chronicle, Amazon is considering adding a third massive regional project near metro Atlanta in a little more than a year. The online retail giant is seeking up to 750,000 square feet to add a new facility to its expanding logistics network and the project… Read more »
While the news is filled with reports of struggling national retailers, threats from E-commerce and a shrinking middle class, retail in Atlanta is going strong, according to a report in The Atlanta Business Chronicle. In urban and suburban retail districts including Midtown, Buckhead and the Central Perimeter, vacancy dropped to 7.5 percent at the end… Read more »
There’s more bad news in the retail sector, as JC Penney will close distribution centers and up to 140 retail stores before fall, while offering buyouts to 6,000 employees. Operations from a Penney distribution center in Florida are being consolidated with the Atlanta facility. “Anchor department store closures just keep coming, as J.C. Penney Company… Read more »
Forces near and far are raising eyebrows in the commercial real estate industry as we attempt to predict how CRE will fare in 2017. Three of those “forces” have been making headlines recently – foreign investors, oil prices and department stores. Regarding foreign investors, National Real Estate Investor says more hurdles are ahead. Reporter Beth… Read more »