Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street Arranges Leases with TJ Maxx and Bealls Outlet at North Georgia Shopping Center

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The new-to-market tenants will occupy part of a former Kmart space that was subdivided into four junior anchor units

ATLANTA (March 18, 2021) – Franklin Street, a full-service commercial real estate firm, is bringing two new major retailers, TJ Maxx and Bealls Outlet, to a shopping center in Cornelia, Georgia, approximately 85 miles northeast of Atlanta. The two leases, for 22,000 square feet each, were signed after subdividing a vacant “big box” space, previously occupied by Kmart, into four junior anchor spaces. 

The property, owned by Vanguard Associates, is a 147,182-square-foot shopping center at 201 Habersham Village Circle. At the intersection of Highway 441 and I-985, the property is situated in a major retail corridor in northeast Georgia that draws regional visitors.  

Franklin Street Director Sam Krueger represented Vanguard Associates in both leases, while Senior Vice President Monetha Cobb arranged the lease for Bealls Outlet.

Bealls Outlet is expected to open this fall and TJ Maxx plans to open in spring of 2022. With an existing lease by Planet Fitness, Habersham Village has one junior anchor space available that can accommodate a tenant between 10,000 and 18,000 square feet.

“As we continue to navigate the retail market through the pandemic, the ability to be flexible and innovative though strategies like reimagining the use of vacant big box spaces has been critical,” said Kreuger. “By subdividing this former Kmart space, we were able to bring more goods and services – and value – to Habersham Village and its surrounding community.”

Other tenants within the shopping center include Big Lots, Hibbett Sports, Anytime Fitness, Papa John’s, GNC and Burger King. Other major retailers in the area include Walmart and Lowe’s.

For more information about availabilities at Habersham Village, contact Sam Kreuger at sam.kreuger@franklinst.com

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 more than $5 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 and Atlanta. Learn more about Franklin Street at FranklinSt.com

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