The lease brings a 43,273-SF shopping center in Elberton to 100% occupancy
Bealls Outlet has signed a lease for its first location in Elbert County, Georgia. The 17,000-square-foot lease at The Shopper’s Center in Elberton, located 33 miles west of Athens, is a strong sign of recovery for Georgia’s retail market.
Members of Franklin Street’s Retail Team executed both sides of the lease. Sam Krueger and Kaitlyn Theriot represented the landlord, Atlanta-based investment and management firm Vanguard Associates, while Monetha Cobb, Maggie Coppage and Sterling Hale represented Bealls Outlet.
“Discount retailers continue to be extremely active and remain highly desired by landlords. As many markets have limited vacancy, we continue to see junior anchor tenants expand into small to medium sized markets throughout Georgia,” said Krueger.
The lease brings The Shopper’s Center, a 43,273-square-foot retail property, to 100% occupancy. Bealls will co-anchor the center along with Tractor Supply and plans to take occupancy in August. Other tenants at the property include Cricket Wireless, LA Nails and World Finance, while the immediate trade area is also home to Ingles Market, Farmer’s Furniture, Walmart, Badcock and Save-A-Lot. At 709 Elbert Street, the property is prominently situated along the main traffic artery in the city of Elbert.
“We’re excited to have helped Bealls Outlet make its debut in the Elbert County market,” said Coppage. “This addition will bring brand name apparel and accessories for the entire family, as well home furnishings, gifts and toys to the area – all at up to 70% below the standard retail value.”
Cobb, who serves as Regional Managing Director for Franklin Street’s Atlanta office, added, “This lease is a perfect example of what Franklin Street’s highly collaborative team can accomplish. By working on behalf of both the landlord and tenant, we were able to negotiate a favorable deal where both sides benefited.”
About Franklin Street:
Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With $7 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Fla., the company has offices in Fort Lauderdale, Jacksonville, Miami, Orlando, Atlanta and Chicago. Learn more about Franklin Street at FranklinSt.com.
