ST. PETERSBURG, FL – (DATE) – The Sembler Company and Forge Capital Partners, in their Forge Real Estate Partners IV (FREP) investment fund, recently acquired Conyers Square, a 90,218 square-foot retail center located in the Atlanta, GA MSA at 1745 Georgia 138 in Conyers, Georgia.
Anchored by Kroger, Conyers Square is 93% occupied. The center is located off the heavily- trafficked I-20 corridor, in the heart of the area’s major retail corridor. The Conyers Square Kroger location boasts the most grocery store visits in a five-mile radius, adding yet another leading grocery location to FREP’s expanding portfolio.
“Conyers Square is another great opportunity to create value for our fund and we’re pleased to own another asset in the Atlanta market,” said Sembler Chief Operating Officer Sean Davis. “It’s in an excellent location with a long history of success.”
There are three spaces currently available in the center, ranging from 2,100 to 3,400 square feet. Sembler will serve as both Property Manager and Leasing Agent for this acquisition. Kathryn Wyant (firstname.lastname@example.org) should be contacted for property leasing information.
Through their FREP partnership, Sembler and Forge have acquired 18 shopping centers together – in Florida, Georgia, North Carolina, Tennessee, Texas, and Virginia – and are actively seeking additional investments in grocery-anchored shopping centers throughout the Southeast United States.
FREP is focused on the acquisition, development and redevelopment of retail real estate projects in the southeastern United States. FREP is a community development entity whose intent is to provide returns to investors seeking socially responsible investment opportunities while promoting economic revitalization, business development, and job creation in or near low and/or moderate-income communities. Investors include public financial institutions that will receive credit under the Community Reinvestment Act for such investments.
The Sembler Company is celebrating nearly 55 years of creating retail real estate value. Sembler provides a full array of retail real estate services, including development and redevelopment, acquisition, property and asset management, leasing, and other related services throughout the Southeastern United States and Puerto Rico. Sembler has developed more than 357 projects totaling 29 million square feet and currently leases and manages 10 million square feet. Sembler is headquartered in St. Petersburg, FL, with satellite offices in Atlanta, GA and Puerto Rico. For more information, please visit www.sembler.com.
About Forge Capital Partners:
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. The company carries out its business strategy by sponsoring value-add retail real estate private equity funds. Since 2001, Forge and its principals have successfully sponsored four closed-end private equity funds: In conjunction with debt financing, these funds seek to invest over $1 billion of capital, over $700 million of which has already been invested. Forge is headquartered in Tampa, Fla. For more information about Forge Capital Partners, please visit www.forgecapitalpartners.com