Coro Realty Announces the Acquisition of Lindbergh Crossing

Coro Realty Advisors, LLC announces the acquisition by Daltex Lindbergh, LLC of Lindbergh Crossing, 2350 Cheshire Bridge Road, Atlanta, Georgia. Lindbergh Crossing is a 36,000 square foot, multi-building retail center. Tenants include CVS, Chase Bank, McDonalds and Kauffman Tire. The property is 100% occupied. Robert Fransen, Partner at Coro Realty, noted “We are excited by Lindbergh Crossing’s strategic in-fill location and the area’s long-term growth potential. Plus, the property’s strong national and regional anchors should make this a stable long term asset.” 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 Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia  30327
(404) 846-4000
www.cororealty.com

Coro Realty Announces the Acquisition of Wrightsboro Walk

For Immediate Release
July 16, 2014

Coro Realty Advisors, LLC announces the acquisition of Wrightsboro Walk, a four-tenant, 100%-occupied retail center located in Augusta, Georgia.  The 8,960 SF center occupies an excellent location on Wrightsboro Road, at the entrance to the recently re-developed Augusta Mall and approximately three miles south of Augusta National Golf Club.  The center is occupied by Starbucks, AT&T, Firehouse Subs and Rhodes-Murphy.

Coro Realty Advisors was founded in 1997 and is synonymous in the Southeast with intelligent real estate development and investment.  The firm provides Asset Management, Investment, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For more information on this property contact:

Teresa Pastore
Coro Realty Advisors, LLC
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia  30327
(404) 846-4000
www.cororealty.com

Coro Realty Advisors Welcomes Salons By JC and Rockler to Sandy Springs Crossing

ATLANTA – April 16, 2014 - Coro Realty Advisors will welcome Salons By JC and Rockler to Sandy Springs Crossing Shopping Center, Coro’s 133,324 square foot retail development at the intersection of Roswell Road NE and Abernathy Road.  The center is anchored by LA Fitness and additional tenants include Gwinnett College, Bride Beautiful, and Nori Nori Japanese Restaurant.

Salons By JC, a leader in the salon suites industry, has signed leases for two new locations at Sandy Springs Crossing shopping center in Sandy Springs, GA. and at Alpharetta Crossing shopping center in Alpharetta, GA, both owned by Coro Realty Advisors. These new locations will be Salons By JC’s first locations in Georgia.  Rockler Companies, Inc. is a 55 year old family-owned business that promotes the craft of woodworking. It is one of the largest on-line resources for woodworkers and has a chain of stores across the country.

Patti Pearlberg, Partner of Coro, noted, "the revitalization of Sandy Springs Crossing began with the introduction of LA Fitness to the property and is moving forward with addition of these 2 great tenants.  Rockler has operated in the Sandy Springs market for many years so we are thrilled we can accommodate their need to expand.  Salons By JC will bring a whole new level of service to the personal care industry in Sandy Springs.”

Coro Realty Advisors, LLC represented the landlords, SSC Abernathy L.P. and ALG Limited Partnership in both transactions. Sarah Williams with SRS Real Estate Partners represented the tenant, Salons By JC, in both transactions.

For more information on Rockler please visit:  http://www.rockler.com/
For more information on Salons by JC please visit:  http://www.salonsbyjc.com/

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 provides Investment, Asset Management, Leasing and Property Management for a myriad of residential and commercial properties throughout the Southeastern United States.

For more information on Sandy Springs Crossing please contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia  30327
(404) 846-4000
www.cororealty.com

U.S. Internships and German Apprenticeships Focus of April 25 Luncheon

Submitted by Phil Bolton, Global Atlanta - April 15, 2015

A luncheon discussion on the pros and cons of vocational training  is to be held on Friday, April 25 at the offices of the Atlanta law firm Arnall Golden Gregory, LLP

Titled “Azubis Going USA,” the luncheon is particularly timely as nine German apprentices are undertaking internships at Atlanta companies.

The luncheon is to be held in conjunction with the German American Chamber ofCommerce of the Southern U.S. Inc. and the Joachim Herz Foundation, which is sponsoring the visiting apprentices.

The discussion is to be introduced with a presentation about vocational training in the U.S.given by Nadine Schubert, consultant, career services, GACC South, and Oliver Schmidt, program director of personal development at the Joachim Herz Foundation.Tycho Stahl , a partner at AGG, is to be the luncheon and roundtable moderator.

For a Global Atlanta article about the internships that the “Azubis,” German for apprentice, are experiencing, click here. For more information about how to participate in the luncheon, send an email to Nadine Schubert at nschubert@gaccsouth.com

Atlanta Firms Provide Interships for Nine German Apprentices

A foundation based in Hamburg, Germany and the local German American Chamber of Commerce are partnering on an apprentice project that will provide two-month internships in Atlanta-based companies for nine German trainees.

The trainees arrived on April 1 and have begun their “learning on the job” experiences. For all of the trainees the overseas job immersion here will be a new experience for them. Eight of the nine have never been to the United States before.

In Germany, they are called “Auszubildende” or apprentice trainees and have received a combination of on the job training and college educations, which is quite common there unlike here in the U.S. But the hands-on immersion experience of a U.S. internship is less common.

The Joachim Herz Foundation is underwriting their immersion apprenticeships. Joachim Herz, the founder, had a successful trans-Atlantic investment and real estate career during which he maintained a farm outside of Atlanta.

“My husband wanted young people to develop intercultural competencies,” his wife, Petra Herz said in a news release of the German American Chamber of Commerce of the Southern United States Inc.

“He appreciated the American ‘hands on mentality’ and the idea of making an effort to achieve one’s aims instead of relying on parentage. That is why the foundation launched this internship program.”

For many years Mr. Herz and his wife discussed the idea of establishing a foundation that promoted science education and research in the natural sciences, economics and business administration for the personal development of youths. But he died in 2008 before it was established.

Mrs. Herz quickly established the foundation according to her husband’s ideals shortly after his death. The foundation currently partners with the Bavarian State Ministry of Education, Science and the Art, which advertises the internship program and takes part in the selection of the trainees.

The trainees will partake in their apprenticeships in the following companies and organizations:

Hofmann Services, a staffing an recruiting firm; Coro Realty Advisers LLC, a real estate investing and management firm; Zwick/Roell Group, a manufacuters of materials test machines; Label Source, a company which makes a wide variety of labels; American BOA Inc., a manufacturer of flexible metal products such as expansion joints; INP North America Inc., an electrictical engineering and services company; Barnes & Noble, the bookstore chain, and the German-American chamber based in Atlanta.

For more information about their stay here, call Teresa Pastore at (404) 846-4002 or Nadine Schubert at (404) 586-6839.

Coro Realty Advisors and Easlan Capital will Welcome Primrose and Pure to Brookleigh Marketplace

ATLANTA – April 8, 2014 - Coro Realty Advisors and Easlan Capital have announced the planned addition of Primrose Schools and PURE taqueria® to Brookleigh Marketplace, Coro and Easlan’s 40,000 square foot retail development at Johnsons Ferry Road near Ashford Dunwoody Road.

Primrose Schools plans to build a 12,000 square foot, two-story school.  It will feature 11 classrooms serving children from six weeks to five years old, which blends teacher-guided and child-initiated activities with a special emphasis on character development.  It plans to open in the last quarter of 2014.  At full occupancy, Primrose expects enrollment by approximately 206 students from 145 families.  Primrose, which was founded in Marietta in 1982, has over 275 locations nationwide.  “As current parents of the Primrose School of Midtown, we saw first-hand the impact that high quality childhood education is having on our children, who inspired us to share our experience,” says Primrose School of Brookhaven Franchise Owners Jarrad and Olivia Vaughn. “In talking with several neighbors, we discovered there was a need in the Brookhaven area for consistent, high quality educational childcare, and the mix of apartments, townhomes, single-family homes and retail make Brookleigh Marketplace an ideal location for our Primrose school.”

PURE taqueria® intends to build a 3,500 square foot restaurant with a design modeled on a 1950’s era Pure Fuel Oil station.  It will serve lunch, dinner, brunch, and PURE’s signature margaritas.  The building will feature indoor and outdoor seating and a rooftop patio and bar popularized at its Roswell and Woodstock PURE locations.  This will be the sixth PURE location in Atlanta and its second inside the Perimeter.  “We are looking forward to being a big part of the Brookhaven community,” says Brett Harper, General Manager of PURE Alpharetta.  Harper, a current resident of the Brookhaven, will be the General Manager of the new PURE.  “We have a lot of work to do, but we are excited and already sense great support from the community.”

Robert Fransen, Partner of Coro, noted, "When Easlan and Coro began working on Brookleigh Marketplace, we envisioned it as neighborhood retail.  We hoped to provide a combination of retail uses that would both tie seamlessly into the neighborhood and also add to its appeal.  We are excited to be able to fulfill those goals.  Primrose’s stellar reputation, high quality architecture and focus on local families will fit wonderfully with the surrounding area.  Simultaneously, PURE’s innovative design, fun atmosphere and great food should create an extremely popular neighborhood watering hole.”

Both Primrose and PURE expect to break ground within the next few months.

To learn more about Primrose Schools, please visit:  www.primroseschools.com

To learn more about PURE taqueria®, please visit:  www.puretaqueria.com

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 provides Investment, Asset Management, Leasing and Property Management for a myriad of residential and commercial properties throughout the Southeastern United States.

Easlan Capital was organized in 1982 for the purpose of developing, managing, leasing, and acquiring commercial and multi-family projects in South Carolina, North Carolina, Tennessee and Georgia.  Easlan Capital of Atlanta, Inc. opened its offices in Atlanta in 1986, and to date the three offices in Greenville, Charlotte, and Atlanta have developed over 7,000 apartment units and over 3 million square feet of office, retail, and industrial properties throughout the Southeast.

For more information on Brookleigh Marketplace please contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia  30327
(404) 846-4000
www.cororealty.com

Coro Realty Advisors Welcomes Andrea Kenney

For Immediate Release
February 24, 2014

Coro Realty Advisors Welcomes Andrea Kenney

ATLANTA – Coro Realty Advisors welcomes Andrea Kenney as Vice President, Leasing.  Kenney will focus on Coro’s portfolio of neighborhood shopping centers and assist with acquisition analysis as Coro enters new markets. 

“It’s a pleasure to welcome Kenney to Coro.  I have known Andrea for more than 20 years and cannot express how excited I am to be working with her directly.  Her enthusiasm and extensive leasing experience is expected to continue Coro on the path as a leader in the industry,” says Patti Pearlberg, Partner/Vice President of Coro.  John Lundeen, President of Coro, “looks forward to drawing on Andrea’s experience and contacts to continue growing Coro’s portfolio of successful retail centers.”

Kenney has more than 25 years of experience in the real estate industry.  Prior to joining Coro, Kenney served as Vice President, Leasing for Jones Lang LaSalle Retail, where she was responsible for overall development and execution of leasing strategies for properties in the Southeast.  Previously Kenney served as Vice President of Leasing for Pellerin and Salomon Real Estate Services and Collins Goodman Development. 

A graduate of University of California Santa Barbara, Kenney is a Member of the International Council of Shopping Centers, and has been awarded the ICSC CRX designation as well as the Certified Leasing Specialist. She is also a Member of the International Council of Shopping Centers, and the Atlanta Board of Realtors.  Kenney is a licensed real estate broker in both Georgia and South Carolina.

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and the Southeast with intelligent real estate development and investment.  With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia  30327
(404) 846-4002

Coro Realty Announces the Sale of Chapel Square Shopping Center

Coro Realty Advisors, LLC announces the sale of Chapel Square, located in Avon, Colorado to Hoffman Commercial Real Estate Group.  The 148,020 SF mixed-use project is anchored by Pier One, Sports Authority, Vail Valley Medical, The Nest and Wells Fargo.  Coro Realty purchased Chapel Square in 2005 from Lehman Brothers as a value-add property.  At that time of Coro Realty’s purchase, the property was 74% occupied.  Coro Realty completed various marketing and physical improvements and re-tenanted the property.  Chapel Square is currently 100% occupied.

John Lundeen, President of Coro Realty stated “we are pleased with our ability to attract many quality tenants to Chapel Square and stabilize it despite the recent real estate recession, and sell it as a solid, stabilized property.”

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment.  With a commitment to smart growth, urban oriented projects, and innovation, incorporating distinctive architectural designs, Coro continues to demonstrate its leadership in the market with the successful execution of quality investments.  The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia  30327
(404) 846-4000
tpastore@cororealty.com
www.cororealty.com

ALDI coming to Riverstone Mill Shopping Center

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CANTON — Owners of the Riverstone Mill Shopping Center in Canton announced Friday an ALDI grocery store is locating in 17,050 square feet of space in the local shopping center on Riverstone Parkway across from the Canton Mill Loft Apartments.

The Canton store will be the third location for the discount grocery giant in Cherokee County, with two already in operation in Woodstock.  ALDI is a global discount supermarket chain based in Germany and one of the largest discount supermarket chains in the world. There are more than 9,200 locations worldwide, with 1,200 of those in the U.S.   Robert Fransen, a partner in Coro Realty Advisors, which has purchased the shopping center, said Friday that the store could open in mid-2014.  “Right now they are in the permitting process and that should take until the middle of the first quarter,” Fransen said. 

Fransen said the location fit what ALDI is looking to accomplish with its expansion plans.  “The demographics are in their sweet spot and they are trying to expand into core suburban areas,” Fransen said.  “This is the prototypical size, they are typically smaller than a Kroger or Publix, but this location is in the corridor with other key retail.”  The new grocery store will be in the old Bodyplex Gym space next to the Dollar Tree store.

Fransen said in a release sent out to announce the new store that his company purchased the property in Canton as a turnaround opportunity.  “We are gratified that ALDI shared our vision for the property’s potential. Plus, having secured a second anchor tenant will enable us to focus on improving the rest of the property,” he said.  Jennifer Duvall, senior leasing agent at Coro, agreed.  “We are thrilled to welcome ALDI to Riverstone Mill. ALDI is a growing player in Atlanta’s grocery market. We expect it to be a great addition to the center, and to serve as a quality draw to both the property and the area,” she was quoted in the news release. 

The new tenant improves the property’s occupancy by 40 percent since the company purchased it last December, she said.  Coro Realty intends to begin upgrading the property’s exterior, including site improvements, tenant relocations and partial demolition of an outparcel to improve visibility in the late fourth quarter of 2013, company officials said.   “We are actively looking for quality tenants, and think the center with ALDI becomes a lot more attractive,” Fransen said.

Coro Realty Advisors LLC was founded in 1997 and is based in Atlanta.

~Courtesy of Rebecca Johnston, Cherokee Tribune, November 8, 2013

Egg Harbor Café to spend big bucks on Buckhead location

Egg Harbor Café is spending nearly half a million dollars on its third Atlanta location.

A permit was filed Nov. 15 for the restaurant that will come to the ground floor of The Brookwood condo building at 1830 Peachtree Road in Buckhead. Construction will cost $475,000, according to the permit.

Egg Harbor Café took more than 4,000 square feet at The Brookwood, joining eateries Watershed and Saltyard. Coro Realty Advisors LLC in April acquired the roughly 18,500 square feet of retail at the condo building.

Egg Harbor Café currently has two locations in metro Atlanta -- Sandy Springs and Johns Creek.

Courtesy of Amy Wenk - Atlanta Business Chronicle, November 18, 2013