The value-add, grocery-anchored center marks the JV’s fifth acquisition in the Atlanta metro area

NEW YORK--(BUSINESS WIRE)--

ShopOne Centers REIT Inc. (“ShopOne”), a fully integrated U.S. retail shopping center investment, management, and operating platform, together with its joint venture partners Pantheon and a leading global institutional investor, announces the acquisition of Stockbridge Lakes, a 78,605-square-foot grocery-anchored shopping center located in Stockbridge, Georgia, part of the thriving Atlanta MSA.

Anchored by Publix, one of the nation’s top-performing grocery brands, Stockbridge Lakes serves a dynamic and growing community with substantial and proven retail demand. The center features a curated mix of national and local tenants – including Burn Boot Camp, Great Clips, Dr. Brown Pediatric Dentistry, and Domino’s – that provide essential goods and services to the surrounding community. The property also includes approximately 9,000 square feet of leasable space, offering multiple value-creation opportunities supported by nearby residential growth—more than 350 new housing units are under construction or approved within walking distance of the center.

“This acquisition exemplifies our focus on high-quality, grocery-anchored retail centers that combine durable income with operational upside,” said Chris Reed, CEO of ShopOne Centers. “Publix’s long-term commitment and planned reinvestment affirm the strength of Stockbridge Lakes, and we see meaningful opportunity to drive additional value through leasing and operational execution.”

The acquisition expands ShopOne’s presence in the Atlanta MSA to five properties, further deepening the platform’s footprint in one of the Southeast’s most dynamic and institutionally owned retail markets.

About ShopOne

ShopOne Centers is a fully integrated investment, management and operating platform focused exclusively on designing and executing strategies in U.S. grocery-anchored neighborhood shopping centers through joint venture partnerships with institutional investor clients. The Company’s retail centers are located in established trade areas and are supported by a diverse mix of non-discretionary, value-oriented and grocery retailers. ShopOne is committed to maximizing the value of its portfolio by capitalizing on embedded growth opportunities through driving rents, increasing occupancy, and pursuing value-enhancing redevelopment opportunities. To learn more about ShopOne, please visit ShopOne.com.

About Pantheon

Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, real assets, and private credit.

We have partnered with more than 1,000 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $71bn in discretionary assets under management (as of December 31, 2024).

Leveraging our specialized experience and global team of professionals across Europe, the Americas and Asia, we invest with purpose and lead with expertise to build secure financial futures.

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Source: ShopOne Centers REIT Inc.