{"id":1004159463,"date":"2016-11-18T03:18:43","date_gmt":"2016-11-18T11:18:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004159463"},"modified":"2020-05-18T03:05:45","modified_gmt":"2020-05-18T11:05:45","slug":"the-shopping-center-group-arranges-metro-atlanta-retail-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-shopping-center-group-arranges-metro-atlanta-retail-sale\/","title":{"rendered":"The Shopping Center Group Arranges Metro Atlanta Retail Sale"},"content":{"rendered":"<p>by Evelina Croitoru<\/p>\n<div id=\"attachment_1004159472\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Duluth-Highway-Shopps.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004159472\" data-attachment-id=\"1004159472\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-shopping-center-group-arranges-metro-atlanta-retail-sale\/duluth-highway-shopps\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Duluth-Highway-Shopps.jpg\" data-orig-size=\"768,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Duluth Highway Shopps\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Duluth-Highway-Shopps.jpg?w=768\" class=\"wp-image-1004159472 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Duluth-Highway-Shopps.jpg\" alt=\"Duluth Highway Shops\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Duluth-Highway-Shopps.jpg 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Duluth-Highway-Shopps.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004159472\" class=\"wp-caption-text\">Duluth Highway Shops<\/p><\/div>\n<p><strong>Atlanta<\/strong>\u2014<a href=\"https:\/\/theshoppingcentergroup.com\/\" rel=\"nofollow\" target=\"_blank\">The Shopping Center Group<\/a> (TSCG)<strong>,<\/strong> one of the largest privately owned retail real estate advisory firms in the U.S., has announced the sale of Duluth Highway Shops, a newly built, unanchored retail center located near the intersection of two of Gwinnett County\u2019s main commercial corridors in Lawrenceville, Ga. The property traded for $7.9 million, being acquired by a private West Coast investor from seller NLA Lawrenceville Inc.<\/p>\n<p>\u201cThis reinforces the strength of this submarket in this densely-developed retail node, as well as the center\u2019s superior location rooted in the heart of an upper-middle-income pocket in Atlanta\u2019s northeast region,\u201d Neal Pringle, director of investment sales and <a href=\"https:\/\/www.commercialsearch.com\/news\/finance\/\" target=\"_blank\">finance<\/a> with The Shopping Center Group, said in a prepared statement.<\/p>\n<p>According to Pringle<strong>, <\/strong>the newly acquired asset is located on roughly 8 acres near the intersection of State Route 120 and Lawrenceville Suwanee Road. The center&#8217;s tenant roster includes Jason\u2019s Deli, Pacific Dental Services, Willy\u2019s Mexicana Grill, AT&amp;T Wireless, Penn Station East Coast Subs, Sport Clips Haircuts and BurgerFi.<\/p>\n<p>\u201cThis highly <a href=\"https:\/\/www.commercialsearch.com\/news\/development\/\" target=\"_blank\">developed<\/a>, million-plus square-foot retail corridor serves the daily needs of the high-density, affluent population that has infused Lawrenceville and all of Gwinnett County over the past two decades,\u201d Pringle adds.<\/p>\n<p>During construction, Pringle teamed up with the late Mark Cooley, partner of The Shopping Center Group, to secure the buyer. TSCG also secured construction and equity financing in addition to the sale.<\/p>\n<p><em>Image courtesy of The Shopping Center Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company secured the buyer, financing and full tenant line-up for the newly built asset.<\/p>\n","protected":false},"author":1055,"featured_media":1004159472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21742,21749],"tags":[],"class_list":["post-1004159463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Shopping Center Group Arranges Metro Atlanta Retail Sale - 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