Coro Realty announces the execution of multiple leases at Sandy Springs Crossing Shopping Center

Atlanta - Coro Realty Advisors, LLC announces the execution of 6,392 SF of new leases at Sandy Springs Crossing Shopping Center located at 6690 Roswell Road, Sandy Springs, GA 30328.  New tenants include Moondog Growlers, Club Champion, Perk ‘n Pooch, and Tune Up Barbershop.

According to Patti L. Pearlberg, Coro Realty’s Vice President, “the success of LA Fitness, along with the completion of the Abernathy Road improvements, has drawn a great deal of attention to the shopping center from local, regional and national tenants.  We are most excited about Club Champion, a custom golf club fitter and builder, originally founded in Chicago in 1995.  The shop tenants we have attracted complement LA Fitness and Hinton’s Savvy Cellar, providing convenient services, easy access and excellent parking, for busy residents of the Sandy Springs area.”  According to Lindsay Douglas, Coro Realty’s Senior Leasing Agent; “Sandy Springs Crossing is shaping up as a premier neighborhood shopping center centrally located in the heart of Sandy Springs, directly between the Perimeter and East Cobb submarkets.”

Coro Realty Advisors, LLC was founded in 1997 and is synonymous with Atlanta and Southeastern real estate with intelligent real estate development and investment.  With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For more information on this property please visit
http://www.cororealty.com/properties/sandy-springs-crossing or contact:

Teresa Pastore
Coro Realty Advisors, LLC.

3715 Northside Parkway
400 Northcreek – Suite 100

Atlanta, Georgia  30327
(404) 846-4000
www.cororealty.com

Coro Realty Advisors Announces the Sale of Georgian Hills Apartments

Coro Realty Advisors, LLC announces the sale of Georgian Hills Apartments, located at 1185 Collier Road, Atlanta, Georgia  30318.  Georgian Hills is an apartment community with 250 units. 

Georgian Hills, an 18.66 Acres site was sold for redevelopment to Atlantic Realty.  Georgian Hills, a 250 unit apartment complex, built in the 1960’s, was a well located community that had outlived its time and was ripe for redevelopment following a rezoning in 2008 allowing for higher density.  The rezoning, crafted through cooperation with the neighborhoods surrounding the property, calls for multi-story apartments on the 8.99 acres located on the western portion of the property, where Atlantic intends to build 288 apartments.  The eastern 9.67 acres were sold to a venture by John Wieland to build 51 single family and townhome units.  The total sales price of the property was $10,100,000.00; both transactions were brokered by Rich Arrol with Major & Arroll, LLC

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment.  With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management, Leasing and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100

Atlanta, Georgia  30327
(404) 846-4000

www.cororealty.com

Coro Realty Advisors Announces the Acquisition of Riverstone Mill Shopping Center

For Immediate Release
December 4, 2012

ATLANTA - Coro Realty Advisors, LLC announces the acquisition of Riverstone Mill Shopping Center, located at 553 Riverstone Parkway, Canton, Georgia 30114.  Rivertone Mill consists of 49,950 square feet of retail space and is 88% occupied, mostly by national and regional tenants such as Dollar Tree, Tuesday Morning, Edward Jones and Johnny’s Pizza.

Robert Fransen, Executive Vice President of Coro, believes that Riverstone Mill fits well with Coro’s strategy of acquiring value-add properties.  “We purchased Riverstone Mill as a turnaround opportunity.  We believe that we can maximize its value by improving its occupancy and rent roll.”  Coro expects to lease up the Riverstone Mill in 24 – 36 months, and then dispose of it as a stabilized property.

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment.  With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC
3715 Northside Parkway
400 Northcreek – Suite 100

Atlanta, Georgia  30327
(404) 846-4000

www.cororealty.com

Coro Realty Advisors Announces the Execution of a Modani Atlanta Lease at Buckhead Pavilion Shopping Center

For Immediate Release
October 12, 2012

ATLANTA - Coro Realty Advisors, LLC announces the execution of a Modani Atlanta, LLC lease for the 11,035 SF Anchor Space at Buckhead Pavilion Shopping Center located at 3221 Peachtree Road, Atlanta, GA.  According to Patti L. Pearlberg, Vice President, “We are really excited to have this unique, successful furniture retailer open their inaugural entry into the Atlanta market with us.  Buckhead has always had a strong mix of residential and commercial real estate, making it the perfect location for contemporary furnishing such as Modani offers.  Modani will benefit from the prominent Peachtree Road address and visibility as it brings this new style of home furnishings to the market.”

Modani furniture conceptualizes on contemporary and modern furniture at very affordable prices. With stores in Miami, New York, Los Angeles, Houston and Chicago, Modani has designed award winning collections of modern sofas, bedroom, dining room and outdoor furniture.  Modani prides itself on staying embedded in the world of interior design to select the trendiest items from the most renowned designers of the last 50 years to young artists’ new lifestyle concepts.  According to Modani, “[i]n life, there’s the Trendsetters…and the followers.  We have made a goal to create lines of furniture that would be ultra-modern, yet affordable to everyone and look forward to bringing our unique style and prestige to Atlanta, and more particularly Buckhead.”

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment.  With a commitment smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100

Atlanta, Georgia  30327
(404) 846-4002

www.cororealty.com

Coro Realty Advisors Announces the Acquisition of Village Place Brookhaven

August 2, 2012

Coro Realty Advisors, LLC announces the acquisition of Village Place Brookhaven’s retail, located at 1410 – 1438 Dresden Drive, Atlanta, Georgia  30319.  Village Place Brookhaven is a mixed-use development containing the 34,789 square feet of retail space purchased by Coro and 41 luxury residences, office condominiums, live/work units and townhomes (not part of the purchase).  It includes established retailers like Natural Body, Kaleidoscope Bistro & Pub, J. Christopher’s, The Mercantile, Verde Taqueria and Pour Wine Bistro.

Robert Fransen, Chief Investment Officer, believes that Village Place Brookhaven fits well with Coro’s strategy of acquiring strategic infill properties.  “We purchased this property due to its location in a growing area, its unique combination of retailers, its dynamic streetscape and its proximity to quality residential communities.  We expect the continued densification of this area to further enhance Village Place’s fundamentals.”  Coro intends to hold the property for long term cash flow and value appreciation.  Village Place is located approximately ½ mile east of Peachtree Road in the heart of Brookhaven.

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment.  With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management, Leasing and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100

Atlanta, Georgia  30327
(404) 846-4000

www.cororealty.com

Coro Realty Advisors Announces the Grand Re-Opening of the newly expanded Kroger at the Georgetown Shopping Center

ATLANTA, July 25, 2012/PRNewswire/ -- Coro Realty Advisors, LLC announces the Grand Re-Opening of the Kroger at the Georgetown Shopping Center, located at 4478-4522 Chamblee Dunwoody Rd., Dunwoody GA 30338.  Georgetown Shopping Center currently consists of 142,397 square feet anchored by Kroger, Tuesday Morning and Workout Anytime. 

The renovation of Georgetown resulted in Kroger expanding from 48,000 square feet to its current 70,500 square feet, making it one of the larger Kroger stores in the metro Atlanta area.  Simultaneously with the Kroger expansion, several areas of the center underwent significant renovations.  This included parking lot lighting, landscape islands, paving, various side walk and signage improvements, and repainting the Shopping Center. Coro also welcomes new Tenants Farmburger/Morelli’s Ice Cream and Vino Venue to the shopping center; both plan to open in September.

Coro Realty’s affiliates have owned Georgetown Shopping Center since 1977.  John Lundeen, Coro Realty’s President added, “we are pleased that Kroger recognized our vision for the shopping center’s long term potential and is working to help us realize that vision.” Paul Ludwig, Coro’s Vice President of Development, added “Coro is appreciative of the City of Dunwoody’s assistance with improving Georgetown Shopping Center.  We would like to specifically thank former Mayor Ken Wright, current Mayor Mike Davis, Howard Koontz, Rich Edinger and Michael Smith for all of their efforts.”

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment.  With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia  30327
(404) 846-4000

tpastore@cororealty.com
www.cororealty.com

Coro Realty Advisors Announces the Acquisition of 3225 Peachtree Road

July 18, 2012

Coro Realty Advisors, LLC announces the acquisition of 3225 Peachtree Road, Atlanta, Georgia 30305.  The 11,603 SF free-standing building is located at the pin corner of Peachtree Road and Maple Drive.  It is leased to Brown & Company Jewelers.  Coro Realty Advisors’ affiliates also control the adjacent property, known as Buckhead Pavilion, anchored by CVS, PetSmart and Sports Authority.  3225 Peachtree is located immediately south of the key intersection of Peachtree and Piedmont Roads, making it highly coveted property with great potential for current income and future redevelopment.

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment.  With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

 

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100

Atlanta, Georgia  30327
(404) 846-4000

www.cororealty.com

City Master Plan Helps Drive Innovative New Businesses

Courtesy of the Dunwoody Crier
Posted: Tuesday, July 17, 2012 9:42 am | Updated: 10:26 am, Tue Jul 17, 2012.
By Fran Memberg For The Crier

The multi-million dollar renovation of Georgetown shopping center undertaken by management company Coro Realty Advisors meshes with the city of Dunwoody’s Georgetown/North Shallowford Master Plan, adopted in March 2011, that “outlines targeted initiatives to improve the ‘gateway’ appearance and create connectivity while encouraging high quality retail and meet the gaps in supply of housing for all ages,” according to information atwww.dunwoodyga.gov.

“[Georgetown] sends a strong signal to other businesses that this area is a good place for investment and to do business,” said Michael Starling, the city’s economic development director. “Companies want to do business in Dunwoody if given the right environment.”

New Georgetown tenants Vino Venue, Farm Burger and Morelli’s Gourmet Ice Cream are good examples. All are set to open in early fall.

Vino Venue owner Michael Bryan is transplanting his 9-year-old Atlanta Wine School from Holcomb Bridge Road in Roswell to Georgetown, and broadening the concept from a wine education center to include a wine bar, a wine store, a tapas restaurant and a culinary events facility.

“I wanted to get into a more upscale area, further south, and in a municipality that would allow dual alcohol licensing on one footprint,” said Bryan, explaining that separate licenses are required to pour wine and to sell retail bottled wine. In addition, Bryan was looking for adequate, and preferably free, parking for events, and easy access from a highway. Vino Venue will occupy Georgetown’s end cap storefront closest to I-285, allowing for signage on the buffer wall as well as patio space.

The Georgetown renovation and Dunwoody’s master plan for the area played a big part in Bryan’s decision to relocate here.

“The plan is all about upgrades. This is going to be the right place to be,” said Bryan, who lives in Dunwoody.

Except for some services and code regulations, such as fire and watershed that fall under DeKalb County jurisdiction, other construction issues requiring permits are in the city’s purview. “Dunwoody has that helpful spirit,” Bryan said.

Farm Burger and Morelli’s chose Georgetown as their first locations outside the Perimeter (OTP) mainly because of the renovations. Owners of both businesses were introduced to each other by a commercial real estate broker and will share a 3,000 square foot space in an area between Starbucks and Kroger.

“It’s a really good match for us,” said Morelli’s co-owner, Donald Sargent. “Burgers, fries and ice cream go hand-in-hand. It’s Americana.”

Sargent and his co-owner and wife, Clarissa Morelli, already operate two successful shops in intown areas East Atlanta Village and Little Five Points.

“OTP deserves good ice cream, too,” said Sargent. He and Morelli chose Georgetown over other areas they researched for expansion because of the investment Coro is making in the property.

Sargent said Morelli’s stands out from chain ice cream stores because of unique flavors, such as ginger lavender, rosemary olive oil and maple bacon brittle, as well as more traditional combinations like chocolate caramel. Raw ingredients are used instead of flavorings.

Farm Burger is the restaurant arm of a collective of farmers and ranchers whose mission is to provide local, sustainable and seasonal menu choices.

With successful locations in Decatur and Buckhead, owner George Frangos started looking for a third location at the beginning of 2012. Preliminary demographic surveys pointed to the Perimeter Center/Dunwoody Village area. Georgetown’s renovations were already underway.

Frangos said that was a “key component” in choosing Georgetown, adding, “You don’t want to be in a dying shopping center.” Frangos said he believes Georgetown is a convenient location to draw customers from both the Perimeter Center and Dunwoody Village areas.

Like Sargent, Frangos is keen on the Farm Burger collaboration that brings together two all-American favorites offered by like-minded companies that rely on the freshest ingredients. “There is good synergy between what we do and what they do,” said Frangos.

Farm Burger/Morelli’s is awaiting final permits from Dunwoody to begin construction, and Frangos said negotiations are proceeding smoothly. “It’s easy to operate where there’s a city that wants to support local business,” he said.

Residents are already taking notice of Farm Burger’s.

“Part of our mission is to be a part of a neighborhood and the community,” said Frangos. “People walk by [the Georgetown space] and tell us about going to the other locations. It’s nice that there’s already a welcoming buzz [in Dunwoody].”

http://www.thecrier.net/news/article_51f085f6-d015-11e1-89f3-0019bb2963f4.html

Georgetown Rebirth is a "Big Deal"

Courtesy of the Dunwoody Crier~
Posted: Tuesday, July 17, 2012 10:24 am | Updated: 10:26 am, Tue Jul 17, 2012.

By Fran Memberg For The Crier

Surrounded by many longtime tenants and soon to be joined by some popular new additions, Kroger remains the centerpiece and largest lessee in Georgetown shopping center, which is putting the finishing touches on a 16-month multi-million dollar renovation.

Following the Aug. 1 Kroger grand re-opening, Labor Day is the target date for the opening of new tenants Vino Venue, a destination for enjoying, learning about and purchasing wine; and two eateries, Farm Burger and Morelli’s Gourmet Ice Cream, which will share space.

Michael Starling, the city of Dunwoody’s economic development director, calls the Georgetown renovation “a big deal.” He added, “To have a renovation of this size to occur [in a down economic climate] is fantastic for our economy and the residents who live in the community and shop in that center.”

Georgetown, located on the northwest corner of Chamblee Dunwoody Road at I-285, has been owned by a German entity since 1977 and managed by Atlanta-based Coro Realty Advisors for about 15 years. According to Coro’s president, John Lundeen, there have been several renovations since the center was built in the early 1970s, but the current project is the most extensive. It includes storefront painting, parking lot resurfacing, tree islands, new lighting, sidewalks from the parking lot to Kroger’s entrance and along Chamblee Dunwoody Road, and a handicap ramp stretching from Starbucks to Kroger. The renovated property has been expanded by about 13,000 square feet to 142,450 square feet.

Georgetown’s renovation is consistent with similar projects in metro Atlanta, according to Sarah Dasher, the Atlanta research manager at Jones Lang LaSalle, an international financial and professional services firm specializing in real estate services and investment management.

“Capital is being invested in well-located retail projects, rather than in new centers,” said Dasher, citing such strips centers as Tuxedo Festival in Buckhead, which attracted trendy new tenants because of a recent renovation.

The Georgetown Kroger opened in December 1973 and has been remodeled and expanded several times. The current renovation, begun in June 2011, expands the store from 52,000 to 78,000 square feet. Shoppers will see upgrades including enhanced and expanded deli/bakery, meat/seafood, produce and natural foods departments; and an upscale deli that includes a bistro, sushi bar, cheese and olive shop and Chef on the Run, among others.

“Our staff spends hours researching and evaluating the needs of residents in the community,” said Glynn Jenkins, the director of communications and public relations for Kroger’s Atlanta Division. “Along with careful evaluation of the needs of Kroger customers in the surrounding area, strategic planning and the design of the facility both play an important role whenever we expand an existing location. Community relevance is extremely important to Kroger, and we approach the development of each location individually.”

Remaining in Georgetown despite the close proximity of Dunwoody’s Orchard Park Kroger attests to the grocery chain’s commitment to the area.

“Kroger has a long history with the residents of the Dunwoody community. The Dunwoody community is extremely important to us, and our recent store improvements will offer even more choices and convenience for our customers,” Jenkins said.

For this most recent Georgetown renovation, the first since the city of Dunwoody was established, Coro’s jurisdictional dealings on issues such as construction permits switched from DeKalb County to the city.

“Everybody has been willing to work together as a team to make this transformation,” said Paul Ludwig, Coro’s development vice president.

Georgetown isn’t the only area of Dunwoody to attract independent restaurants and local and national chain eateries in recent months. New openings include: Carbonara Trattoria in Dunwoody Village; the first Atlanta location of Austin, Texas-based Chuy’s and the fourth Atlanta-based Tin Lizzy’s Cantina, both on Perimeter Center West; the ninth Atlanta-based Marlow’s Tavern in Dunwoody Village; and Atlanta-based Uncle Maddio’s fourth Atlanta location in the Walmart shopping center. Capital Grille is under construction on Perimeter Center West.

“In the downturn of retail, [it’s a good sign] to have five or six restaurants open in the last year,” said Starling, Dunwoody’s economic development director. “There is an amazing amount of investment in this down economic environment [and that is a] testament to the Dunwoody area.”

http://www.thecrier.net/news/article_0ee84d88-d01b-11e1-a6ab-0019bb2963f4.html

Coro Realty Advisors Announces the Acquisition of Village East Shopping Center

ATLANTA - Coro Realty Advisors, LLC announces the acquisition by Coro Village East Ventures, LP and Eliot Properties of Village East Shopping Center, located at 3822 Roswell Road, Marietta, Georgia 30062.  Village East consists of 12,540 square feet of retail space and is 100% occupied.

Robert Fransen, Executive Vice President of Coro, believes that Village fits well with Coro’s strategy of acquiring strategic infill properties.  “We purchased this property due to location surrounded by quality residential communities, location in a high traffic area and proximity to the retail node at Johnsons Ferry and Roswell Roads.  We expect the continued improvement of this area to further enhance Village East’s fundamentals.”  Coro and Eliot Properties intend to hold the property for long term cash flow and value appreciation.  Village East is located at the corner of Roswell Road and Robinson Road in the heart of East Cobb.

Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment.  With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments.  The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.

For More Information Please Contact:

Teresa Pastore
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100

Atlanta, Georgia  30327
(404) 846-4000

www.cororealty.com