ShopOne JV continues adding scale in Georgia
The joint venture partnership between ShopOne Centers REIT, Pantheon and a leading global institutional investor has acquired the 98,224-square-foot Kroger-anchored Sharon Greens neighborhood shopping center located in burgeoning and highly desirable Forsyth County, Ga.
Situated in Cumming, part of the Atlanta MSA, Sharon Greens becomes the third asset the joint venture has added in the state since December 2022, and brings the total number of grocery-anchored shopping centers in its portfolio to 13, all acquired within the last 18 months.
In addition to Kroger, Sharon Greens features a mix of 20 highly synergistic service orientated and daily-needs retailers or dining concepts, including Chase Bank, Pet Supplies Plus, Heartland Dental Care, UPS Store, Kumon Math & Reading Center, Great Clips, and Papa John’s. The center is 100 percent leased and surrounded by 61,489 people, with an average household income of $202,823 within a three-mile radius. Moreover, the p