Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street Arranges $2.25 Million Sale of Mill Shoppes of Winder

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Lack of inventory opens up opportunities in tertiary markets

Franklin Street has arranged the $2.25 million sale of Mill Shoppes of Winder, a 19,019-square-foot two-building retail development located at 105 and 111 East May St. in Winder, Georgia. John Tennant and Bryan Belk of Franklin Street’s Atlanta office represented the seller, Alpha Opportunity Fund I, LLC, in the transaction. An Atlanta-based private investor purchased the property.

“The lack of new product available for purchase is turning investors toward smaller markets like Winder in search of yield,” Tennant said. “The buyer pool for this particular type of asset is finite, but Franklin Street was able to use its extensive database coupled with targeted local canvassing to source multiple local buyers.”

Mill Shoppes of Winder is strategically positioned along the main commercial-retail corridor for Winder, with good frontage and excellent visibility along East May Street. The buildings were constructed in 1970 and renovated in 2006. Current tenants include Subway, Titlemax of Georgia and Little Caesars.

The buyer plans to hold the property for long-term cash flow, and there is potential to lease up available space as the property is currently 79 percent leased.

About Franklin Street: Franklin Street is a family of full-service real estate companies 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 divisions—Real Estate, Capital, Insurance, Management, and Valuation—Franklin Street offers unmatched value and optimal solutions for clients nationwide. For more information on Franklin Street, please visit

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