{"id":1004407708,"date":"2020-04-03T05:42:49","date_gmt":"2020-04-03T13:42:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004407708"},"modified":"2020-04-03T05:42:49","modified_gmt":"2020-04-03T13:42:49","slug":"georgia-retail-property-to-undergo-redevelopment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/","title":{"rendered":"Georgia Retail Property to Undergo Redevelopment"},"content":{"rendered":"<div id=\"attachment_1004407711\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004407711\" data-attachment-id=\"1004407711\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/westgate-shopping-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg\" data-orig-size=\"800,620\" 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=\"Westgate Shopping Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Westgate Shopping Center. &lt;i&gt;Image via Google Maps &lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg?w=800\" class=\"wp-image-1004407711 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004407711\" class=\"wp-caption-text\">Westgate Shopping Center. <i>Image via Google Maps <\/i><\/p><\/div>\n<p>Ultimate Realty has revealed plans to convert Westgate Shopping Center, a 411,200-square-foot retail complex in Macon, Ga., into an industrial park. The company will spend $12 million on the redevelopment project, which will result in a six-building campus dubbed Middle Georgia Industrial Park. According to public records, the firm acquired the property for $4.7 million from Safeway Group in December 2019.<\/p>\n<p>Located at 2525 Pio Nono Ave. on 43 acres, Westgate Shopping Center was Georgia\u2019s first air-conditioned mall when it opened in 1961.&nbsp;The adaptive reuse project is Ultimate Realty\u2019s first endeavor in the state. The&nbsp;395,000-square-foot development is set to feature buildings spanning between 19,000 and 106,000 square feet, slated for completion this summer.&nbsp;<\/p>\n<p>The conversion will include repainting the exterior, installing new electrical systems, adding new bathrooms, dock- and grade-level doors as well as office components. The developer will also change the signage, improve the landscape and put in new LED lighting and sprinklers.<\/p>\n<p>Cushman &amp; Wakefield will lease the complex. The site is close to the intersection between Eisenhower Parkway and Interstate 75, while Middle Georgia Regional Airport is 8 miles south.<\/p>\n<p>Industrial leasing activity has increased in metro Atlanta last year, surpassing 31 million square feet of new deals\u20148.9 million square feet of those agreements closed in the last quarter of 2019, according to Cushman &amp; Wakefield data. In December, the company received a <a href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefields-1-msf-leasing-assignment-in-atlanta\/\">1 million-square-foot leasing assignment<\/a> from Avistone.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ultimate Realty will transform the state\u2019s first air-conditioned shopping center into a 395,000-square-foot industrial complex.<\/p>\n","protected":false},"author":867,"featured_media":1004407711,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21748,21742,21749],"tags":[36351,32799],"class_list":["post-1004407708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-industrial","category-latest","category-retail","tag-capital-improvement","tag-cushman-wakefield"],"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>Georgia Retail Property to Undergo Redevelopment - 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\/georgia-retail-property-to-undergo-redevelopment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Georgia Retail Property to Undergo Redevelopment\" \/>\n<meta property=\"og:description\" content=\"Ultimate Realty will transform the state\u2019s first air-conditioned shopping center into a 395,000-square-foot industrial complex.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/\" \/>\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=\"2020-04-03T13:42:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.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=\"Pavel Cazacu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/\",\"name\":\"Georgia Retail Property to Undergo Redevelopment - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg\",\"datePublished\":\"2020-04-03T13:42:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/georgia-retail-property-to-undergo-redevelopment\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Westgate-Shopping-Center.jpg\",\"width\":800,\"height\":620,\"caption\":\"Westgate Shopping Center. 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