Coro Realty Advisors and Easlan Capital Announce the Sale of Brookleigh Marketplace

ATLANTA – November 27, 2017 - Coro Realty Advisors and Easlan Capital announce the sale of Brookleigh Marketplace. Brookleigh Marketplace is a 26,179 square foot retail property at the entrance to a 56 acre mixed-use community. It is located in the City of Brookhaven on Johnson Ferry Road near Ashford Dunwoody Road. Coro and Easlan jointly developed the property. It was 100% leased at sale. The property’s tenant list includes Primrose Schools, Burn Cycle/Kick/Yoga, Marlow’s Tavern, Jade Nails and Day Spa, Bon Glaze and PT Solutions, among others.

According to Robert Paul Fransen, partner at Coro, “We congratulate the buyer on its purchase in this rapidly growing part of Brookhaven. Brookleigh has proven an excellent investment for our clients, one we hope to replicate in the future. We also hope that Brookleigh will remain a vibrant community amenity for many years to come.”

Coro and Easlan were represented in the property’s sale by Mark Joines and Drew Fleming of NGKF Capital Markets.

About Coro Realty Advisors (www.cororealty.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 engages in Investment, Asset Management, Leasing and Property Management for a myriad of residential and commercial properties throughout the Southeastern United States.

About Easlan Capital (www.easlancapital.com)
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 Please Contact:
Kristian Hayden
Coro Realty Advisors, LLC.
3715 Northside Parkway
Bldg. 400 – Suite 100
Atlanta, Georgia 30327
(404) 846-4002

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Coro Realty Advisors Announces the Sale of Village East Shopping Center

June 29, 2017 - Coro Realty Advisors, LLC, an Atlanta-based retail owner and operator, announces the sale of Village East Shopping Center to SM Village East Investors, LLC. Village East is a 12,540 square foot shopping center located in Marietta, Georgia at the intersection of Roswell Road and Robinson Road. Coro Realty Advisors, LLC was represented by Bart Cross in the sale of the property.

The property’s tenant list includes: Bookmiser, Inc., Lili Nails, Zilmed, VIP Clinic, Chopsticks Bistro, Studio 348, Belle Salon, Joy Upholstery, and Old Salem Cleaners. The deal also included a billboard located on the site.

About Coro Realty Advisors
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

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Retail is dying? Not in Atlanta

Courtesy of Amy Wenk and Douglas Sams
Atlanta Business Chronicle - May 26, 2017
See Full Article - http://www.bizjournals.com/atlanta/news/2017/05/26/retail-is-dying-not-i...

As developers this week head back from pitching their projects in Las Vegas, where RECon, the world’s largest retail convention, just wrapped up, they return to an Atlanta market boasting its healthiest numbers in years.

Metro Atlanta’s retail space vacancy stands at 8.5 percent, the lowest point in a decade, according to real estate services company Colliers International.

That number belies store closings and bankruptcies across the U.S. retail sector.

Atlanta is also bucking some of the trends. In urban and suburban retail districts including Midtown, Buckhead and the Central Perimeter, vacancy dropped to 7.5 percent at the end of the first quarter. That’s a big turnaround since 2012 — when those same areas had vacancy closer to 11 percent.

Coro Realty Advisors will Welcome Aldi to Buckhead Pavilion

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

 

Coro Realty Acquires Midtown Portfolio in Atlanta, GA

ATLANTA – April 28, 2017 – Coro Realty Advisors, an Atlanta-based retail owner and operator, announced today that it acquired The Shops at Spire in Midtown Atlanta, GA. This property represents the final piece of a Midtown retail and parking portfolio previously owned by The Loudermilk Companies. The purchase was brokered by Kenny Holzer and Elliot Kyle of Skyline Seven.

The Midtown portfolio contains 87,905 square feet of ground-floor retail and over 600 parking spaces in five residential condominium buildings, as well as a nearby parking lot. The properties include retail space at 800 Peachtree, 805 Peachtree, Shops at Seventh, Shops at Spire and Shops at Viewpoint. National tenants at these properties include Starbucks, BB&T, Sprint and Atlanta’s first urban QuikTrip. Other notable tenants include Einstein Brothers Bagels, Fresh 2 Order and World of Beer.

When added to Coro Realty’s Gordon Biersch at 848 Peachtree Street, the portfolio gives Coro Realty control over almost all of the public parking and retail on Peachtree Street between 5th and 7th Streets.

As a part of this transaction, Coro Realty also acquired a 0.12 acre parcel on Juniper Street. The parcel is zoned SP-16, allowing for high density development as part of a larger future land assemblage.

“We see this deal as a long-term play for Coro Realty and its investors. This is a strategic investment in Midtown’s continued growth and densification.” stated Robert Fransen, Partner at Coro Realty. “It’s hard not to be optimistic about Midtown right now,” Fransen added.

The Midtown portfolio is part of Coro Realty’s strategy to purchase and develop High Street Retail. The Midtown portfolio joins similar Coro Realty properties like The Brookwood, Glenwood Park, Hanover Perimeter, Inman Quarter and Parkview on Peachtree.

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:
Kristian Hayden
Coro Realty Advisors, LLC.
3715 Northside Parkway
Building 400, Suite 100
Atlanta, Georgia 30327
(404) 846-4000
www.cororealty.com

 

 

 

Loudermilk selling Midtown properties to Coro in $47 million deal

Courtesy of Douglas Sams and Amy Wenk
Atlanta Business Chronicle - April 13, 2017
See Full Article - http://www.bizjournals.com/atlanta/news/2017/04/13/loudermilk-selling-mi...

Longtime Atlanta real estate developer Robin Loudermilk is selling his portfolio of Midtown retail and parking properties as he turns more focus toward his Buckhead Village projects.

Loudermilk, president and CEO of The Loudermilk Cos., has struck a deal with Coro Realty Advisors LLC.

Coro is paying about $47 million, or more than $520 a square foot, for 87,905 square feet of street-level retail.

Those properties include prime retail space at 800 Peachtree, 805 Peachtree, Seventh Midtown and at the Spire and Viewpoint condo towers. Tenants at those buildings include Starbucks; the city’s first urban-format QuikTrip; and World of Beer.

The transaction also includes 606 parking spaces, many along Peachtree.

The entire transaction could be complete by the end of April, Coro executive Robert Fransen said. A deal for Shops at Spire, which includes Five Guys burgers, is still pending, Fransen added. Loudermilk will maintain a stake in 881 Peachtree, a new mixed-use project underway with The Hanover Co. that includes a nearly 400-unit, 29-story apartment tower, with retail space and about 30,000 square feet of office.

McKibbon Hospitality, Coro Realty to Build Hampton Inn & Suites by Hilton in Buckhead

Courtesy of John Nelson
REBusiness ONLINE- August 30, 2016
See Full Article - http://rebusinessonline.com/mckibbon-hospitality-coro-realty-to-build-ha...

ATLANTA — McKibbon Hospitality has teamed up with Coro Realty Advisors to develop a new 186-room Hampton Inn & Suites by Hilton in Atlanta’s Buckhead district. The 108,659-square-foot hotel will be situated on Piedmont Road within Buckhead Place, Coro Realty’s mixed-use center that features an LA Fitness, Marshall’s, Pier One, Hyatt Place and the 05 Buckhead apartment tower. McKibbon Hospitality has selected Sarasota, Fla.-based Kellogg & Kimsey as the general contractor. The development team expects to break ground on the hotel in September.

 

McKibbon Hospitality, Coro Realty to Build Hampton Inn & Suites by Hilton in Buckhead

Coro Realty Advisors Announces the Sale of Village Place Brookhaven

August 5, 2016 - Coro Realty Advisors, LLC, an Atlanta-based retail owner and operator, announces the sale of Village Place Brookhaven to Westwood Financial. Village Place Brookhaven is a mixed-use development located in Atlanta’s Brookhaven community on Dresden Drive. The property features 34,789 square feet of retail space on the ground level with luxury residential and office condominiums directly above. Village Place Brookhaven was purchased by a Coro-sponsored investment group in 2012 and reached 100% occupancy during the first year Coro owned the property. Full occupancy was maintained through closing. The development is anchored by the successful restaurants Kaleidoscope and Verde.

Coro Realty Advisors, LLC was represented by the CBRE team of Chris Decoufle and Kevin Reavey in the sale. Patti Pearlberg, Vice President and Partner at Coro, indicated the sales team did an excellent job marketing the property and brought a very qualified buyer to the table. “Westwood was a wonderful buyer to work with, and we congratulate it on its purchase in this thriving area of Atlanta. Village Place has proven an excellent investment for our clients, one we hope to duplicate in the future.”

About Coro Realty Advisors
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.

About Westwood Financial Corp.
For over forty years, investors have turned to Westwood Financial Corp. for proven returns on strategic real estate investments. Under the direction of founders Howard S. Banchik and Steven J. Fogel, the company has successfully acquired and sold hundreds of income-producing properties, generating substantial profits for its partners. In the process, Westwood Financial Corp. has earned a reputation and longevity that is unparalleled in the shopping center world.

For more information please contact:
Kristian Hayden
Coro Realty Advisors, LLC.
3715 Northside Parkway
Building 400, Suite 100
Atlanta, Georgia 30327
(404) 846-4000
www.cororealty.com

 

 

McKibbon Hospitality Announces New Hotel in Atlanta's Buckhead Neighborhood, Construction to Start Late Summer

Atlanta, Ga. (August 3, 2016) – McKibbon Hospitality, an award-winning hotel developer, owner and manager based in Tampa, Florida, and Gainesville, Georgia, announced its partnership with Coro Realty Advisors to build a new, 186-room, 108,659 square feet Hampton Inn & Suites by Hilton along Piedmont Road in the Buckhead area of Atlanta.

“We are thrilled to partner with Coro Realty Advisors to bring a premium hotel brand and more hotel rooms to the Buckhead area,” said David Hughs, president of McKibbon Hospitality’s investments and development division, “The Buckhead neighborhood is incredibly vibrant and we are proud to bring our experienced hospitality team to the community.”

The hotel will be located in the present shopping center named Buckhead Place, which is anchored by LA Fitness, Marshall’s, Pier One, Hyatt Place and 05 Buckhead apartment tower. The Hampton Inn & Suites Atlanta Buckhead Place will front on a private access road that runs to Piedmont Road.

Coro Realty Sells Riverstone Mill

Transwestern’s Southeast Investment Services Group today announces it brokered the disposition of Riverstone Mill for $5.7 million, or $132 per square foot. South Carolina-based South Coast Commercial acquired the 43,350-square-foot, ALDI-anchored shopping center at 553 Riverstone Parkway in Canton, Georgia, a northwest suburb of Atlanta. Transwestern Vice President Fred Victor represented the seller, Coro Realty Advisors LLC, in the transaction.

“Riverstone Mill’s long-term tenancy, strong anchor performance and exceptional returns made it a compelling investment,” said Victor. “In addition, at 87 percent occupancy, the property offers value-add opportunity through lease up.”

Riverstone Mill was developed in 2002 to institutional-quality standards, featuring prominent signage, convenient egress/ingress and excellent curb appeal. The property is located 1 mile from Exit 20 on Interstate 575, across the street from the 315-unit Canton Mill Lofts and 0.5 miles from Northside Hospital-Cherokee, in one of Cherokee County’s well-known retail nodes.

Riverstone Mill is situated in Cherokee County’s most affluent residential neighborhood. With a total population of 227,943, Cherokee County is Georgia’s fifth fastest-growing county, experiencing population growth of 315 percent from 1980 to 2010.

ABOUT CORO REALTY ADVISORS
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.

ABOUT TRANSWESTERN’S SOUTHEAST INVESTMENT SERVICES GROUP
Transwestern’s Southeast Investment Services Group (Southeast ISG) combines capital markets and investment banking expertise, local market knowledge and proven transaction execution to provide strategic disposition services for multifamily, office, retail, industrial and land assets located in Alabama, Georgia, Florida, Mississippi, North Carolina, South Carolina and Tennessee. Based in Atlanta with an office in Miami, Transwestern’s Southeast ISG has established a successful track record for maximizing value and creating lasting relationships with clients that range from local entrepreneurs to the largest corporations in the country.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate.

- See more at: http://atlanta.citybizlist.com/article/365941/south-coast-commercial-acq...

 

Coro Realty Sells Riverstone Mill