Ackerman Retail Completes Long-Term Leases with Atlanta-based Retailers at Mixed-Use Development in Milton GA.
ATLANTA, GA, December 11, 2020 /24-7PressRelease/ — Joining a growing tenant lineup, Savi Provisions and Twisted Cycle have signed long-term leases to open new stores at Crabapple Market in Milton, GA. Ackerman Retail’s Courtney Brumbelow and Haley Hartman completed the leases with the retailers on behalf of Crabapple Market.
Savi, a market specializing in locally sourced gourmet and organic foods, and fine wines and spirits, has signed a 4,627-square foot lease that will mark the growing chain’s ninth metro Atlanta location. Twisted Cycle, an indoor cycling and HIIT workout studio with five metro Atlanta locations, completed a 2,493-square-foot lease. The stores are scheduled to open in spring 2021.
Crabapple Market is a 200,000-square-foot live-work-play development featuring a mix of retail, dining and entertainment offerings, as well as Class A office space. Phase one of the development is complete and a major expansion is now nearing completion.
“We think Crabapple Market is the ideal place for us to open a new metro Atlanta store,” said Paul Nair, owner of Savi Provisions. “The walkable layout, strong tenant mix and the connectivity to the surrounding community make this a great location for Savi Provisions.”
In addition to its gourmet grocery offerings, Savi serves prepared foods and a variety of health-conscious, made-to-order meal options. The Crabapple location will also house a walk-up coffee bar and specialty juice bar, and a revolving schedule of food and wine tastings.
The Twisted Cycle store – which will occupy space in the expanded section of the development – is the fitness chain’s first franchise location.
Seth Carver, CEO of Twisted Cycle, said: “This development is perfectly positioned for our fitness studio. We love everything about Crabapple Market – its boutique feel, the architecture of the buildings and the active neighborhood that it’s located in. The area is very health-conscious.”
“We’re very pleased to bring Savi Provisions and Twisted Cycle to Crabapple Market,” added Courtney Brumbelow, Executive Vice President for Ackerman Retail. “This project has broad appeal to retailers that want to be in a mixed-use development offering a dynamic tenant mix and a family-friendly environment. We’re in talks with several other clients interested in the new spaces that will be completed early next year, and there are likely to be announcements of new lease signings soon.”
The master-planned development features historic brick façade detailing and floor-to-ceiling arched windows. The next phase of the development will include a stage for concerts, movies and theatrical performances, a recreational path and rooftop patios overlooking downtown Milton.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion.
Ackerman Retail, a division of Ackerman & Co., offers a best-in-class services platform, delivering solid results for local and multi-market clients across the Southeast. To date, Ackerman Retail has completed more than 10 million square feet of transactions valued at $1.7 billion. For more information, visit www.ackermanco.com
—
For the original version of this press release, please visit 24-7PressRelease.com here
