Lincoln Property Company Brokers Leases by Ben’s Marketplace and Golfsmith at Venture Pointe in Suburban Atlanta
Lincoln Property Company Southeast has signed a 35,172-square-foot new lease by Ben’s Marketplace and a 25,129-square-foot lease renewal by Golfsmith at the Venture Pointe power center in Duluth, Ga.
Earlier this year, Lincoln was appointed receiver of Venture Pointe, which totals 335,420 square feet of retail space, by The Situs Cos. Lincoln also oversees the management and leasing of the property, which has seen occupancy rise to 75 percent and whose other anchor tenants include Kohl’s and Babies “R” Us. The property is shadow anchored by a SuperTarget and a Costco Wholesale.
“These transactions are indicative of an improving retail climate we’ve observed in recent months,” said Tony Bartlett, senior vice president of Lincoln Property Company Southeast. “We’ve seen a meaningful uptick in retailer interest in Venture Pointe and our other properties in the last 90 days as an improved national economy has stirred big-box users and news about metro Atlanta’s improving employment has kick-started activity. We’re excited about the chances to create further value at Venture Pointe for our client.”