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CTO Adds 163K-SF Atlanta Retail Center to Property Portfolio
CTO Realty Growth acquired Madison Yards, a 163,000 square foot retail center in Reynoldstown, for $73.3 million. An affiliate of Heitman Capital Management was the seller. Crawford Square Real Estate Advisors will lease and manage the property.
The Atlanta Business Chronicle reports retail tenants include Publix, AMC Theatres, Taqueria Tsunami, Daily Dose Coffee, Girl Diver and more. The property is 97% leased.
Fuqua Development built Madison Yards in the late 2010s, with Publix opening its 54,000-square-foot store in 2019.
A team led by Conor Lalor at Newmark, facilitated the transaction on behalf of CTO. CTO Realty Growth is a publicly traded real estate investment trust that owns and operates a portfolio of retail-based properties located primarily in higher-growth markets in the United States. It’s been around since 1910.
- ◦Sale/Acquisition
