ATLANTA, GA – Coro Realty Advisors announces the execution of a lease agreement with Aldi on a 42,361 square foot space at Buckhead Pavilion, the former Sports Authority space. Andrea Kenney represented the landlord in the transaction; Aldi was represented by Kirk Buttle with CBRE.
The 42,361 square foot space became available a few months after Sports Authority announced its bankruptcy filing early last year. “We were a little disappointed by the announcement from Sports Authority.” stated Coro Realty’s Vice President, Patti Pearlberg. “When deciding on a replacement, one of our main goals was to make sure we brought in a tenant that would be a good fit. There are a couple of supermarkets in the area, but we believe Aldi will bring a nice variety to the Buckhead grocer market. ” Pearlberg continued. Aldi signed a lease for the entire space, but does plan to sublease a portion of the space to another tenant.
Buckhead Pavilion, located at the intersection of Peachtree Road and Maple Drive, is the current home to PetSmart, CVS Pharmacy, Modani Furniture, and Berkshire Hathaway HomeServices.
Aldi, a German-based discount supermarket, is currently operating over 50 stores in the state and over 1,600 in the country.
Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and the Southeast with intelligent real estate development and investment. The firm engages in Investment, Asset Management, Leasing and Property Management for a myriad of residential and commercial properties throughout the Southeastern United States.
For more information contact:
Kristian Hayden
Coro Realty Advisors, LLC
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia 30327
(404) 846-4000
www.cororealty.com