Atlanta — The Shopping Center Group, based in Atlanta with offices in 15 states, has merged with White Plains, N.Y.-based Northwest Atlantic Real Estate Services, expanding its reach to the Northeast market. The private transaction was finalized on December 31, 2011.
Northwest Atlantic's tenant representation business holds some of the strongest names in retail, among them Starbucks, Costco, Whole Foods Markets and Staples. The company completed more than 500,000 square feet of transactions in the New York area in 2011, including several locations for REI in the region. The company also completed its 253rd Starbucks transaction, representing the coffee retailer in its lease of a location in Times Square. The merger with The Shopping Center Group enables the former Northwest Atlantic team of 13 with new third-party leasing and property management capabilities.
The Shopping Center Group plans to open a Manhattan office in 2012, furthering its entrance to the market.
"New York is the undisputed gateway to the United States," said Sam Latone, co-CEO of The Shopping Center Group, in a statement. "The merger is a launching pad for our continued expansion as we pursue our goal of being the Number 1 retail real estate service provider in the country."