ATLANTA-JDN Realty faces an annual rent loss of about $329,000 at its 86,470-sf property in suburban Stockbridge, GA, 10 miles south of Downtown. The Troy, MI-based retailer plans to close 12 statewide stores.
ATLANTA-The Arcadia, WI-based manufacturer is taking 53,159 sf at Southlake Pavilion Shopping Center in Morrow, GA and 40,220 sf at Venture Pointe Shopping Center in Duluth, GA. Both are 10-year deals.
ATLANTA-The city's South Side and Gwinnett County are seeing a slight increase in activity this year because of their bargain sales prices. Low cap rates for single-tenant, net-leased properties in favorable locations such as the North Fulton County market are also getting investors' attention.
ATLANTA-The road to recovery for this city's multifamily market appears to be a long one, Bernard Haddigan, managing director/regional manager, Marcus & Millichap, Atlanta, tells GlobeSt.com. A lack of new jobs has softened demand, leading some local experts to believe an upturn may not occur for another 12 months.
