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"Monroe Pavilion is one of the few large retail projects being constructed in the state of Georgia and is located in a designated opportunity zone," stated Beau Young, EVP of Retail Specialists.
BIRMINGHAM, AL, January 21, 2020 /24-7PressRelease/ -- Developer MAB American Management and its retained leasing company, Retail Specialists, announce the upcoming groundbreaking for Monroe Pavilion for the first quarter of 2020. The shopping center project in Monroe, Walton County, Georgia, is in the Atlanta metro and is slated to open in Summer 2021. Upon completion Monroe Pavilion will be a 350,000- square-foot development, with an estimated investment of more than $80 million and 1,000 total employees.
Publix has signed a lease to anchor the center with a 48,387-square-foot supermarket. Major retailers that have also signed leases include Ross, ULTA, Marshalls, Rack Room Shoes, and Five Below. The 100- acre development is located within the Monroe city limits on the north side of US 78 between its two interchanges, GA HWY 138 and GA HWY 11, which affords extraordinary regional access and exposure.
"Our vision for Monroe Pavilion is to provide high-quality retail brands and new restaurants in the market that meet the needs of the residents of Walton County," said John Argo, president of MAB American Management, LLC. "As we commence construction on this project, we will continue to announce other merchants that commit to the project."
"Monroe Pavilion is one of the few large retail projects being constructed in the state of Georgia and is located in a designated opportunity zone," stated Beau Young, executive vice president of Retail Specialists. "The response from retailers has been phenomenal as they too recognize the Walton County market offers great potential for their brands by congregating at the major retail venue in the county."
Retail Specialists is negotiating all leases for the development and currently has several outlots available. Ideal tenants include restaurants and service-based retailers. For additional information visit http://properties.retailspecialists.com/item/monroe-pavilion-new-development-for-lease/ or contact Beau Young at 205-314-0390.
About MAB American Management, LLC
As the American partner of Australian-based developers MAB Corporation, we draw from a rich history of exceptional real estate developments and add our own brand of American grit. We know what it takes to get the job done without sacrificing quality or schedule. We are nimble problem-solvers able to tackle any issue that may arise.
The principals of MAB American have a combined 100+ years of experience and have developed over 2 million square feet of properties with a cumulative value in excess of $500M. With the accomplishments and financial backing of our Australian partners behind us, we have cultivated a track record of success with commercial real estate developments with a specialty in grocery-anchored shopping centers. We have the experience and depth of knowledge to ensure delivery of the highest quality developments on time and on budget. To learn more visit https://mabamerican.com/.
About Retail Specialists
Retail Specialists, LLC (RSI) is the premier retail real estate services firm in the south. Since our founding in 2005, we have been committed to long-term relationships in property management, retail representation, third party development and leasing. Licensed throughout the Southeast, traditional brokerage services remain a fundamental discipline in our company. A unique mix of experience, technology, and data have proven a successful formula for the business we love. Learn more at www.retailspecialists.com.
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