Houston, Tx – January 30th, 2019— Two Houston-based companies ink deal on retail development project in Atlanta suburb.
MarketSpace Capital, a private equity real estate firm focusing on ground-up developments, value-add investments and acquiring partial interest in commercial real estate assets, has announced its agreement with JEFCO to acquire a 32,500 square foot retail development on 4.72 acres in Johns Creek, GA.
JEFCO is a Houston-based development firm that specializes in retail and commercial real estate throughout the US and is situated at the forefront of retail and commercial design and development. “The up-and-coming location in the Atlanta area and JEFCO’s reputation as a national leader in the development of successful commercial spaces is why we were interested in investing with JEFCO on this asset,” said Sam Affanhe, Managing Partner at MarketSpace Capital.
The 4.72-acre acquisition in Johns Creek will feature retail space for multiple businesses, with over 60% of the spaces pre-leased in anticipation of the space’s groundbreaking. Businesses to be housed in the new development include Mambo’s Café, It’s Greek to Us, Good Fellas Cigar Lounge & Bar, Coach DeMarco’s Burgers and La Hacienda restaurant.
The development is located in a densely populated area of Johns Creek, GA, a suburb northeast of Atlanta. The space’s location features a high-volume of daily traffic with frontage on both McGinnis Ferry Road and Johns Creek Parkway.
Johns Creek, GA is a city of 83,000 residents and incorporated in 2006. The community features newer homes and is a premiere golfing destination with the famed Atlanta Athletic Club calling the area home. The city is also is home to a burgeoning technology industry and is recognized as the Atlanta area’s go-to area for high-tech employment.
About MarketSpace Capital: MarketSpace Capital is a private equity real estate firm that focuses on ground-up developments, value-add investments and acquiring partial interest in commercial real estate assets throughout the United States. To learn more, visit www.marketspace.capital.