Camden Village in suburban Atlanta sells
Atlanta — A private investor from the Atlanta, suburb of Johns Creek has acquired Camden Village Shopping Center from a California corporation. According to Marcus & Millichap of Atlanta, which represented the seller and buyer in the transaction, the purchase price totaled $6,150,000.
The center includes popular local tenants like Marlow’s Tavern and Noche Restaurant among others.
Jerry Bob’s Restaurant expands in Tucson
Tucson, Ariz. — Jerry Bob’s Restaurant plans to open its 15th restaurant in the Tucson area — in River Crossing. JB Restaurants V, the franchisee, will own the 2,400-sq.-ft restaurant that is slated to open in January 2014.
Commercial Retail Advisors represented the Landlord, La Cholla and River Road Associates, and CBRE represented JB Restaurants.
Divaris renews two retailers in Richmond, Va.
Richmond, Va. — Divaris Real Estate has renewed two retail leases totaling more than 9,500 sq. ft. in Richmond, Va.
Aaron’s renewed its lease for 8,008 sq. ft. in Brookhill Azalea Shopping Center, which DRE leases and manages for the landlord, BSV Premier Brookhill.
In a separate transaction, Subway renewed its lease for 1,575 sq. ft. at 360 West Shopping Center, which DRE leases and manages for the landlord, a partnership between HSW and RMW1.