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| 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.
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| 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
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