{"id":1004226861,"date":"2018-05-04T01:50:36","date_gmt":"2018-05-04T09:50:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004226861"},"modified":"2022-12-08T14:08:26","modified_gmt":"2022-12-08T22:08:26","slug":"pmat-offloads-ga-retail-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pmat-offloads-ga-retail-property\/","title":{"rendered":"PMAT Offloads GA Retail Property"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004226876\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Cherokee-Commons-in-Acworth-Ga..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004226876\" data-attachment-id=\"1004226876\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pmat-offloads-ga-retail-property\/cherokee-commons-in-acworth-ga\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Cherokee-Commons-in-Acworth-Ga..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jeffrey Hamann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1525348679&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;1&quot;}\" data-image-title=\"Cherokee Commons in Acworth, Ga.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Cherokee Commons in Acworth, Ga.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Cherokee-Commons-in-Acworth-Ga..jpg?w=800\" class=\"wp-image-1004226876 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Cherokee-Commons-in-Acworth-Ga..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Cherokee-Commons-in-Acworth-Ga..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Cherokee-Commons-in-Acworth-Ga..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Cherokee-Commons-in-Acworth-Ga..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004226876\" class=\"wp-caption-text\">Cherokee Commons in Acworth, Ga.<\/p><\/div>\n<p>PMAT Cos. has sold Cherokee Commons, a shopping center north of Atlanta, to Collett Capital. PMAT previously picked up the 103,711-square-foot building in 2015 for $7.1 million from C-III Capital Partners, which had in turn acquired the asset out of a foreclosure action a year earlier, according to Cherokee County records. Collett <a href=\"https:\/\/www.commercialsearch.com\/news\/preferred-apartment-communities-grabs-2-retail-assets\/\">purchased the grocery-anchored retail asset<\/a> free and clear of existing debt. HFF marketed the 89 percent-leased property on behalf of the seller.<\/p>\n<p>Following PMAT\u2019s acquisition, the firm renovated Cherokee Commons, replacing the roof and upgrading the parking lot and facade. A 66,918-square-foot Kroger grocery store anchors the asset. Several\u00a0local and regional tenants\u2014including a laundromat, a pet supply store and a dental practice\u2014fill many of the smaller units, ranging in size from 888 to 4,800 square feet.<\/p>\n<p>Located at 6199 Highway 92 in Acworth, Ga., the building is within three miles of both interstates 75 and 575, enabling access to downtown Atlanta approximately 30 miles away. The property is exposed to an estimated 46,000 vehicles per day and sits in a bustling retail corridor, home to a wide assortment of shopping and dining options.<\/p>\n<p>Senior Managing Director Jim Hamilton, Directors Brad Buchanan and Michael Allison and Real Estate Analyst Ryan Stoffer were all part of the HFF team that arranged the sale.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recently renovated grocery store-anchored shopping center in Acworth contains more than 100,000 square feet of leasable space. HFF arranged the sale of the almost fully leased property.   <\/p>\n","protected":false},"author":861,"featured_media":1004226876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21783,21742,21749],"tags":[35797,36351,34238,32792,35626],"class_list":["post-1004226861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-investment","category-latest","category-retail","tag-c-iii-capital-partners","tag-capital-improvement","tag-collett-associates","tag-hff","tag-kroger-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PMAT Offloads GA Retail Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pmat-offloads-ga-retail-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PMAT Offloads GA Retail Property\" \/>\n<meta property=\"og:description\" content=\"The recently renovated grocery store-anchored shopping center in Acworth contains more than 100,000 square feet of leasable space. HFF arranged the sale of the almost fully leased property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pmat-offloads-ga-retail-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-04T09:50:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:08:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Cherokee-Commons-in-Acworth-Ga..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pmat-offloads-ga-retail-property\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pmat-offloads-ga-retail-property\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"PMAT Offloads GA Retail Property\",\"datePublished\":\"2018-05-04T09:50:36+00:00\",\"dateModified\":\"2022-12-08T22:08:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pmat-offloads-ga-retail-property\\\/\"},\"wordCount\":231,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pmat-offloads-ga-retail-property\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/05\\\/Cherokee-Commons-in-Acworth-Ga..jpg\",\"keywords\":[\"C-III Capital Partners\",\"Capital improvement\",\"Collett &amp; 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