Saturday, May 24, 2014

Cousins and Gables Sign Earth Fare at Emory Point in Atlanta, GA


Rendering of Emory Point, Atlanta, GA
ATLANTA, GA-- Cousins Properties and Gables Residential have signed Earth Fare, the North Carolina-based organic and natural foods grocer, to a 24,782-square-foot lease in the second phase of Emory Point in Atlanta, GA.

"We're very excited about Earth Fare anchoring the second phase of Emory Point," said Larry Gellerstedt, President and Chief Executive Officer of Cousins. "The addition of an organic grocer provides the surrounding neighborhoods, as well as our Emory Point community, a unique and highly sought-after offering."

Emory Point is part of Earth Fare's multi-point entry into the Atlanta market. The company currently operates over 30 stores in nine states. The addition of the natural foods grocer brings the retail portion of phase two to 64.6% leased.

Larry Gellerstedt
Joe Wilber, Senior Vice President Investments-East for Gables Residential adds, "Earth Fare is a highly desirable and complementary provider of organic goods that we welcome enthusiastically to the neighborhood. Offering a grocery store on-site is a tremendous value for our residents and fellow retailers as well as a convenience for many in the surrounding area."

Emory Point is a vertically integrated luxury mixed-use development, located in the Clifton Corridor, adjacent to The Centers for Disease Control and Prevention and in close proximity to Emory University and Emory Healthcare. 

The first phase opened in 2012 and includes 80,000 square of retail and 443 apartment units. The retail and apartments are currently 90% and 99% leased, respectively.

 The second phase commenced construction in 2013 and includes 43,000 square feet of retail and 307 apartments. Cousins and Gables expect phase two to open for business in early 2015.

For a complete copy of the company’s news release, please contact:

Cousins Properties Incorporated
Marli Quesinberrry, 404-407-1898

or
Gables Residential
Gigi Giannoni, 404-923-5569


No comments: