Avison Young Arranges $35 Million Sale of Four-Property Shopping Center Portfolio in Georgia

Publix and Planet Fitness anchor the four shopping centers located throughout metro Atlanta. Publix and Planet Fitness anchor the four shopping centers located throughout metro Atlanta.

Atlanta — The Atlanta office of Avison Young has arranged the $35 million sale of a four-property retail portfolio in metro Atlanta.

Theresa Johnson, David Krasnoff and Grant Linderman of Avison Young arranged the transaction on behalf of the seller, Ginsburg Development Cos. Harbour Retail Partners acquired the portfolio. The transaction included Dacula Village, a 69,300-square-foot center in Dacula; Publix at Mt. Zion, a 79,000-square-foot center in Morrow; and Stockbridge Lanes, a 78,600-square-foot retail center in Stockbridge. Publix anchors all three of the centers. In addition, Harbour Retail Partners acquired an 80,700-square-foot, Planet Fitness-anchored center — McDonough West — in the south Atlanta metro of McDonough. At the time of sale, the four properties had a combined occupancy of 92.5 percent. 

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