Tropical Smoothie Cafe one of four new restaurants opening in East Brainerd

New restaurants are flowing into the Waterside retail center in East Brainerd — at least four are to open by the first part of 2019 — and the owner of one of them cites a pair of key anchor stores.

“People love Publix. Same thing with REI Co-op,” said Paul Neumaier, co-owner of the Tropical Smoothie Cafe slated to open Thursday at 2380 Lifestyle Way.

Waterside, after a slow time gaining traction earlier this decade off Shallowford Road near Interstate 75, is about 90 percent leased up, according to developer Branch Properties of Atlanta.  Read full story

Branch Signs Three Tenants to Westridge Square Center in North Carolina

Greensboro, N.C. — Branch Properties LLC has signed three tenants to Westridge Square, a 215,000-square-foot shopping center in Greensboro.

The Atlanta-based real estate company originally acquired the center and its seven outparcel buildings in 2015, and is currently modernizing and re-tenanting the property. Planned renovations include raising the parapets and upgrading the building materials to include brick, metal and wood.

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Redeveloped Florida Center Reaches Capacity

Branch Properties announced that its Island Walk at Palm Coast in Florida is now 100% leased following a $40 million redevelopment.

Prior to the re-do, the 200,000 sq. ft. center had minimal visibility from Palm Coast Parkway. It now features an open concept and a new façade. Publix added 56,000 sq. ft. to its supermarket there, and two outparcels were added for Chase Bank and IHOP.    Read full story

Drake’s, Cyclebar, Havertys and more headed to Village at Waterside near Hamilton Place

One of the newest restaurants slated to open at the Village at Waterside retail center near Hamilton Place mall aims to curb a variety of cravings ranging from burgers to tacos and even sushi.

The eclectic mix makes up the menu at Drake’s, a part of the Lexington, Kentucky-based Bluegrass Hospitality Group, and includes traditional American-style pub food, including hand-pressed burgers, mini sandwiches, Sriracha wings, build-your-own tacos and an extensive sushi menu, said Leela Foley, a spokesperson for Bluegrass Hospitality Group.

The restaurant plans to open for business in January at the retail center and 162,000 square feet of commercial development taking shape north of Shallowford Road along Interstate-75. Read full story

Branch Properties Acquires Center in Affluent Huntsville Neighborhood

ATLANTA – Branch Properties, an Atlanta-based private real estate investment firm, recently closed on the acquisition of a TJ Maxx, Michaels, and Stein Mart-anchored neighborhood shopping center located in Huntsville, AL.  Situated in the densely-populated and affluent suburbs south of the Huntsville CBD, the center was purchased from Inland Real Estate Corporation.

Westbury Square is a 120,409 square foot neighborhood center anchored by high-performing TJ Maxx, Michael’s, and Stein Mart stores located in Huntsville, Alabama.  The shopping center includes national tenants such as Metro Diner, Chicken Salad Chick, Captain D’s, BB&T, Moe’s, Jenny Craig, Jimmy John’s, and Cricket Wireless, as well as local institutions such as Rolo’s Café and Surin of Thailand.  The center is well-located on 12.10 acres in the dense and affluent suburbs south of Huntsville.  It is situated along the area’s predominate north-south arterial road, Memorial Parkway aka US 231 (71,500 Vehicles Per Day), at its intersection with Airport Road (31,000 Vehicles Per Day).  Within a 3-mile radius of Westbury Square, there is a population of over 48,500 people with an average household income of $70,400, well-above the national average.

 

 

Branch Properties Acquires a Pair of Kroger-anchored Centers in Lexington

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ATLANTA – Branch Properties, an Atlanta-based private real estate investment firm, recently closed on the acquisition of a pair of Kroger-anchored neighborhood shopping centers located in Lexington, KY.  Situated in the densely-populated suburbs south of Lexington, the centers were purchased from Weingarten Realty Investors and are anchored by high-performing Krogers.

Tates Creek Centre is a 196,028 square foot Kroger-anchored neighborhood center located in Lexington, Kentucky.  The shopping center includes national tenants such as Rite Aid, PNC, KFC, MOD Pizza, Taco Bell, and Subway, as well as local institutions such as Ramsey’s, Logan’s of Lexington, Rivard Fine Jewelry, and Proof Fitness. The center is well-located on 25.57 acres in the dense and affluent suburbs south of Lexington.  It is situated along the area’s predominate ring road, Man O War Boulevard (30,000 Vehicles Per Day), at its major intersection with Tates Creek Road.  Within a 3-mile radius of Tates Creek Centre, there is a population of over 90,000 people with an average household income of $75,000, well-above the national average.

Millpond Center is a 124,498 square foot Kroger-anchored neighborhood center located in Lexington, Kentucky.  The shopping center includes national tenants such as Workout Anytime, Pizza Hut, and Subway, as well as local institutions such as Banners Pub. The center is well-located on 16.80 acres in the dense and affluent suburbs southwest of Lexington.  It is situated along the area’s predominate ring road, Man O War Boulevard (26,000 Vehicles Per Day), at its intersection with Boston Road.  The property is located just off of the area’s primary north-south retail node, Nicholasville Road.  Within a 3-mile radius of Millpond Center, there is a population of over 78,000 people with an average household income of $84,000, well-above the national average.

For leasing info, please contact Richard Wiles (404-832-8924 or rwiles@branchprop.com).

Branch Properties Picks Up Walmart Anchored – Mercury Plaza

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98,000-SF Shopping Includes Development Opportunity

Atlanta-based real estate investment firm Branch Properties struck a deal with Olshan Properties out of New York City to acquire the Mercury Plaza in Hampton, VA for an undisclosed amount.

Anchored by Walmart Neighborhood Market and Marshalls, and shadow-anchored by Burlington Coat Factory, the 98,066-square-foot shopping center is located at the intersection of W. Mercury Blvd. and Power Plant Parkyway in Hampton’s Mercury Central Retail corridor.

In addition to its anchor tenants, the center is home to five national tenant outparcels and features excess land that can be developed.

Branch Properties Acquires Bartlett Town Center

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Branch Properties, LLC continues to build its portfolio with properties in the Southeast

ATLANTA – Branch Properties, Atlanta-based private real estate investment firm, recently purchased Bartlett Towne Center, a 192,624 SF grocery-anchored community center in Bartlett, TN. Located directly outside of Memphis at 5985 Stage Road, the center was purchased from Weingarten Realty and is anchored by Kroger, Petco and Dollar Tree. Other notable tenants include Shoe Carnival, CATO Fashions, Rent-A-Center, Mattress Firm, AT&T, FedEx Office, H&R Block, GameStop, SuperCuts, GNC, Sally Beauty, UPS Store and Little Caesar’s.

Well-positioned at the intersection of Bartlett Boulevard and Stage Road, a main intersection in the Bartlett submarket, the center serves the greater Bartlett community well. Easily accessible by residents and visitors alike, Bartlett Towne Center sits approximately 3 miles off of I-40, the primary interstate that connects Bartlett to the larger Memphis, TN metro area.

In recent months, Branch Properties purchased Village of Waterside (Chattanooga, TN) and Village Shoppes at Gainesville (Gainesville, GA) and is enthusiastic about its most recent acquisition. “We continue to be committed to the strategy of acquiring and developing grocery anchored shopping centers in the Southeast. Bartlett Towne Center’s tenant mix serves the Bartlett area well and we are pleased to be a part of the community,” says Jesse Shannon, Chief Investment Officer for Branch
Properties.

For leasing info, please contact Robert Sloan (901.334.5703, robert.sloan@tscg.com) or Dustin Jones (901.581.5049, dustin.jones@tscg.com).

Branch Properties Expands Portfolio to Chattanooga, TN

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The Village of Waterside retail center to be anchored by REI and Publix

ATLANTA– Branch Properties of Atlanta announced today the purchase of 22.8 acres in the Hamilton Mill submarket of Chattanooga, TN. The shopping center, a project of Branch Properties and DeFoor Development, will be developed into a 162,000 SQ FT retail center at the intersection of Shallowford Road and Gunbarrel Road. Slated to open late Summer 2018, the center will be anchored by REI and Publix Super Markets among other national tenants.

Branch Properties, a private real estate investment firm, focuses on high-quality shopping centers in the southeastern United States, and the project fits in well with Branch’s on-going growth strategy. In addition, the project should serve the Chattanooga community well.

“We are thrilled to bring new and exciting tenants to Chattanooga. REI is an outdoor co-op that invests in local communities and we know residents in the Chattanooga market and sub-markets will enjoy their gear and inspiration. Publix, known for its quality and excellent customer service, will be a great addition to the area,” says Jesse Shannon, Chief Investment Officer of Branch Properties.

REI (Recreational Equipment, Inc.) is the nation’s largest consumer co-op and provides high quality outdoor gear and experiences. REI is new to the Chattanooga market and will help the local outdoor community continue to grow and embrace an active, outdoor lifestyle. In addition to their own brands, REI Co-op and Co-op Cycles, REI carries popular outdoor brands such as ENO, Merrell, Osprey, Patagonia and The North Face. The co-op strives to inspire, educate and outfit its customers for a lifetime of outdoor adventure and stewardship.

Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. “We look forward to continuing to grow in the Chattanooga area and expanding our ability to serve new customers in the area,” said Brenda Reid, media and community relations manager for Publix’s Atlanta Division.

About Branch Properties, LLC
Founded in 1973 and based in Atlanta, Branch Properties, LLC, is a private real estate investment firm whose primary focus is high-quality, grocery-anchored shopping centers located in Georgia, Alabama, Florida, Tennessee, North Carolina and South Carolina. As a vertically integrated real estate operating company, Branch has the in-house expertise to source, negotiate, acquire, develop, re-develop, finance, lease and manage its investments. Over the past four decades, Branch has acquired, developed and managed over $2.5 billion of commercial real estate, accounting for more than 12 million square feet of leasable space.

Leasing Information:  Greg Hagan, Director of Leasing, (404) 832-8923, ghagan@branchprop.com.

Branch Properties Expands Regional Footprint With Acquisition of Two Alabama Shopping Centers

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ATLANTA—Branch Properties, LLC, has purchased two shopping centers in an affluent suburb of Birmingham, Ala., with the goal of bringing the centers to 100 percent occupancy. The acquisitions represent the Atlanta-based real estate company’s first investments in the state of Alabama.

Branch acquired the properties in August from Bayer Properties and a silent partner. Inverness Corners is a 242,635-square-foot shopping center anchored by a Winn-Dixie grocery store and Kohl’s department store. The 74,818-square-foot, adjacent Inverness Plaza is anchored by PGA Superstore and Planet Fitness.

Thirteen additional tenants are located in the two shopping centers and four outparcel buildings, including restaurants and retail stores. In addition, there are three vacant storefronts with one available for rent.

The shopping centers, which were renovated last year, are located on 35 acres in the unincorporated bedroom community of Inverness along a main commuter route.

“From a retail perspective, Inverness Corners and Plaza are very well located in the heart of Inverness’s retail node,” says Jesse Shannon, Director of Acquisitions for Branch Properties. “The retail centers sit at the confluence of two well-traveled roads. Moreover, the demographics in the area are outstanding.”

Shannon added that nearly 85,000 residents with an average household income of more than $130,000 live within five miles of the shopping centers. And the Inverness community is home to Grandview Medical Center, a 372-bed medical facility situated on a 103-acre campus.

About Branch Properties, LLC
Founded in 1973 and based in Atlanta, Branch Properties, LLC, is a private real estate investment firm whose primary focus is high-quality, grocery-anchored shopping centers located in Georgia, Florida, Tennessee, the Carolinas, and now in Alabama. As a vertically integrated real estate operating company, Branch has the in-house expertise to source, negotiate, acquire, develop, re-develop, finance, lease and manage its investments. Over the past four decades, Branch has acquired, developed and managed over $2.5 billion of commercial real estate, accounting for more than 12 million square feet of leasable space.