ARC Acquires Retail Assets in Cumming and Kennesaw for $15 Million

The Aubuchon Realty Company, Inc., has expanded into the Atlanta market with two retail acquisitions totaling $15 million. The Concord, Massachusetts-based firm purchased a retail strip center – Town Center Esplanade – in Kennesaw, and a freestanding CVS building in Cumming.

ARC paid $9.5 million for Town Center Esplanade, a fully occupied, 39,108-square-foot shopping center on 6.74 acres at 2700 Town Center Drive. It was built in 1988 and renovated in 2018.

The firm paid $5.6 million for the CVS building, with attractive assumable debt. CVS has more than a decade remaining on its triple-net lease at the 3095 Old Atlanta Road property.

“We are thrilled to plant our flag in the Atlanta metro and eager to execute on additional opportunities there,” ARC President Eamon Moran said. “These two properties are strong examples of the well-located retail acquisitions that meet our blend of our retail strategies.”

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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