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Atlanta & Southeast  + Atlanta Metro  + Retail  | 
Franklin Street has completed the disposition of two, new-construction shopping centers in GA that are both anchored by Publix Super Markets.

Franklin Street Arranges Sales of Publix-Anchored Shopping Centers in GA

Atlanta-based Franklin Street has completed the disposition of two, new-construction shopping centers anchored by Publix Super Markets:

  • The Shoppes at Ola Crossroads in McDonough, GA – completed in 2021 and comprises 70,887 square feet of retail space
  • Tobesofkee Crossings in Macon, GA – completed in 2020 and cing 67,887 square feet of retail space

Franklin Street’s Bryan Belk and John Tennant arranged both transactions on behalf of JWA Ventures. The Shoppes at Ola Crossroads sold to an undisclosed buyer and Tobesofkee Crossings sold to Westwood Financial. Both buyers plan to hold the property as long-term investments.

The Shoppes at Ola Crossroads and Tobesofkee Crossing are 96.5% and 94% occupied, respectively. Both Publix locations have seen a considerable uptick in sales over the last 12 months and have outperformed initial store projections.

“Grocery-anchored retail continues to attract more interest from investors than any other retail category, as the emphasis on necessity and service-based retail increases,” said Belk.

Photo: The Shoppes at Ola Crossroads

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Franklin Street’s Belk

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition