{"id":1004168464,"date":"2017-03-07T04:59:56","date_gmt":"2017-03-07T12:59:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004168464"},"modified":"2022-12-08T20:45:43","modified_gmt":"2022-12-09T04:45:43","slug":"gbt-acquires-site-to-develop-14m-retail-center-in-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gbt-acquires-site-to-develop-14m-retail-center-in-atlanta\/","title":{"rendered":"GBT to Develop $14M Retail Center in Atlanta"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004168470\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Burlington.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004168470\" data-attachment-id=\"1004168470\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gbt-acquires-site-to-develop-14m-retail-center-in-atlanta\/burlington\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Burlington.jpg\" data-orig-size=\"960,763\" data-comments-opened=\"0\" 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=\"Burlington\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Burlington.jpg?w=960\" class=\"wp-image-1004168470 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Burlington.jpg\" alt=\"The new development will be anchored by Burlington\" width=\"300\" height=\"238\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Burlington.jpg 960w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Burlington.jpg?resize=300,238 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Burlington.jpg?resize=768,610 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004168470\" class=\"wp-caption-text\">The new development will be anchored by Burlington<\/p><\/div>\n<p><strong>Atlanta<\/strong>\u2014Brentwood, Tenn.-based national commercial development company GBT Realty Corp., has announced the purchase of a 7.6-acre site in McDonough, Ga. The company revealed plans for a new 71,000-square-foot retail center that will be developed on the newly acquired plot. GBT acquired the site from OTS Capital and Masters Living Trust and expects construction to commence immediately.<\/p>\n<p>\u201cAtlanta South is really gaining traction with national names in retail and dining.\u00a0 Sales figures from those that already call Henry County and the Highway 20 corridor home validate not only the current demand but also the need for more options \u2013 particularly in the value retail arena,\u201d Jeff Pape, managing director of GBT\u2019s shopping center division, said in a prepared statement.<\/p>\n<p>Worth an estimated $14 million, the development will be anchored by Burlington and nestled\u00a0across from SouthPoint on McDonough-Hampton Road, less than one\u00a0mile\u00a0west of Interstate 75. An additional junior anchor space and 6,400 square feet are still available for lease. The shopping center is slated to come online late this year.<\/p>\n<p>\u201cNames such as The Home Depot, Wayfair, Tory Burch and TSYS have recently announced or opened expanded operations in this market bringing hundreds \u2013 if not eventually thousands \u2013 of new jobs. Nothing says vitality than a market that is on a steady population and job climb.\u00a0 Henry County \u2013 and McDonough \u2013 are ideal platforms for retailer expansion as well as new local concepts,\u201d Pape added in prepared remarks.<\/p>\n<p><em>Image courtesy of GBT Realty Corp.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBT Realty Corp. will develop a shopping center in in McDonough, Ga., which will be completed later this year.<\/p>\n","protected":false},"author":1055,"featured_media":1004168470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21782,21742,21749],"tags":[34312,34314,34313],"class_list":["post-1004168464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-development","category-latest","category-retail","tag-gbt-realty-corporation","tag-masters-living-trust","tag-ots-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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