Wednesday, December 9, 2020

Savi Provisions and Twisted Cycle to Open Stores at Crabapple Market in Milton, GA

Rendering of Crabapple Market, Phase 2, Milton, GA
 

 ATLANTA, GA, Dec. 9, 2020 - Joining a growing tenant lineup, Savi Provisions and Twisted Cycle have signed long-term leases to open new stores at Crabapple Market in Milton, GA.

 Ackerman Retail’s Courtney Brumbelow and Haley Hartman completed the leases with the retailers on behalf of Crabapple Market.

Courtney Brumbelow

Savi, a market specializing in locally sourced gourmet and organic foods, and fine wines and spirits, has signed a 4,627-square foot lease that will mark the growing chain’s ninth metro Atlanta location.

 

Twisted Cycle, an indoor cycling and HIIT workout studio with five metro Atlanta locations, completed a 2,493-square-foot lease. The stores are scheduled to open in spring 2021.

 

 Haley Hartman

Crabapple Market is a 200,000-square-foot live-work-play development featuring a mix of retail, dining and entertainment offerings, as well as Class A office space. Phase one of the development is complete and a major expansion is now nearing completion.

“We think Crabapple Market is the ideal place for us to open a new metro Atlanta store,” said Paul Nair, owner of Savi Provisions. “The walkable layout, strong tenant mix and the connectivity to the surrounding community make this a great location for Savi Provisions.”

Paul Nair
 

In addition to its gourmet grocery offerings, Savi serves prepared foods and a variety of health-conscious, made-to-order meal options. The Crabapple location will also house a walk-up coffee bar and specialty juice bar, and a revolving schedule of food and wine tastings.

 The Twisted Cycle store – which will occupy space in the expanded section of the development – is the fitness chain’s first franchise location. It will be operated by franchisees Eddie Cooper and Sherry Rizzi-Cooper.

Seth Carver, CEO of Twisted Cycle, said: “This development is perfectly positioned for our fitness studio. We love everything about Crabapple Market – its boutique feel, the architecture of the buildings and the active neighborhood that it’s located in. The area is very health-conscious.”

 

Rendering of Crabapple Market Phase 2A, Milton, GA

“We’re very pleased to bring Savi Provisions and Twisted Cycle to Crabapple Market,” added Courtney Brumbelow, Executive Vice President for Ackerman Retail.

 “This project has broad appeal to retailers that want to be in a mixed-use development offering a dynamic tenant mix and a family-friendly environment. We’re in talks with several other clients interested in the new spaces that will be completed early next year, and there are likely to be announcements of new lease signings soon.”

 The master-planned development features historic brick façade detailing and floor-to-ceiling arched windows. The next phase of the development will include a stage for concerts, movies and theatrical performances, a recreational path and rooftop patios overlooking downtown Milton.

 CONTACT:

Steve Webb

Marketing Research Coordinator

 P: 678.993.2935

 

Equity investment secured for suburban Minneapolis office asset

One Southwest Crossing, 11095 Viking Drive, Eden Prairie, MN
 

Matthew Schoenfeldt

 CHICAGO, IL,  Dec. 9, 2020 – JLL Capital Markets announced today that it has secured a joint venture equity investment for One Southwest Crossing, a five-story, 246,293-square-foot office building in the Minneapolis-area city of Eden Prairie, Minnesota.

 

JLL worked on behalf of Eagle Ridge Partners to secure the equity investment with Long Wharf Capital. 


The equity will be used for capital improvements and to re-tenant the property after the largest tenant vacates at the end of 2020.


Originally constructed in 1985, One Southwest Crossing offers large floor plates, an open atrium that can accommodate café options and open seating, and abundant on-site parking, all on an 8.3-acre site.

 

Christopher Knight 

The property is located at 11095 Viking Drive in the Southwest submarket, which is the second largest office submarket in the Minneapolis/St. Paul metropolitan area.

 With excellent visibility and access from Interstate 494, the asset is within close proximity to executive housing, abundant retail amenities and the Minneapolis-St. Paul International Airport. 


In addition, One Southwest Crossing is conveniently located along the new Southwest Light Rail Transit Metro Green Line that is set to deliver in 2023.

 

The JLL Capital Markets team representing Eagle Ridge Partners was led by Managing Director Matthew Schoenfeldt, Senior Director Christopher Knight and Senior Managing Director Colin Ryan.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

Colin Ryan
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization.

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

  

CONTACT:

Kristen Murphy

Senior Manager

Public Relations

 Investor Services JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 

www.jll.com

www.longwharf.com.