Shopping Center Business

MAY 2017

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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Page 174 of 334

HISTORIC BUILDINGS 170 • SHOPPING CENTER BUSINESS • May 2017 also find tenants who are complementary to the overall vision. It's about creating an identity and maintaining it over time." Lancaster says part of the magic is to balance experienced, proven opera- tors with new concepts and to push the boundaries and experiment a bit. Krog Street Market is often dubbed a "food hall." Even though there is retail, many visitors come to eat. Several casual food stalls are run by some of the city's most popular local chefs. Alongside Fred's Meat and Bread, where you can buy what's often voted the best cheesesteak in town, or Atlanta chef Ford Fry's pop- ular Mexican restaurant, Superica, you'll find retailers with authentic, real-world backstories, such as Xocolatl Small Batch Chocolate, a local husband-and-wife- run "bean-to-bar" chocolate maker that launched through Kickstarter. The project is near Atlanta's popular BeltLine trail and was one of the first of the new wave of adaptive reuse projects of its kind in the city's urban core. The project has been extremely well received and has served as a catalyst for other development. Since it was built, sev- eral other projects around the city have been announced by local media with the adjective "Krog-Street-Market inspired." It also served as a catalyst for Paces Properties to move forward with similar mixed-use projects in historic, abandoned structures. Further toward downtown, Paces Properties picked up Atlanta Dair- ies, a milk processing and distribution facility that opened in 1946. Its art deco façade, which includes an old milk carton sign, as well as catwalks and loading docks will be integrated into the final design when the mixed-use project opens in late 2017. It will also include office, multifam- ily and open, outdoor spaces. To differentiate itself from other adap- tive reuse throughout the city, Atlanta Dairies will take experiential retail to a new level by partnering with music and arts organization Terminal West and Paces Properties will take lessons learned at Krog Street Market and apply them to Tompkins Mill, an historic property the company has plans to redevelop in Charlotte, North Carolina. VA SILER PORTFOLIO 362,200 SF VA-KY in Norton, VA Siler Center in Siler City, NC ACQUIRED NOVEMBER 2016 HAYWOOD PLAZA 93,360 SF Greenville, SC ACQUIRED DECEMBER 2016 GUNBARREL PLACE 38,250 SF Chattanooga, TN ACQUIRED FEBRUARY 2017 ACQUIRED AUGUST 2016 CEDAR CREST SHOPPING CENTER 150,000 SF Lebanon, TN ACQUIRED SEPTEMBER 2016 LLM PORTFOLIO 457,700 SF Lancer Center in Lancaster, SC Lanier Plaza in Brunswick, GA Village at Myrtle Grove in Wilmington, NC Big V Capital Closes on $47 Million in New Acquisitions Big V Capital | Big V Properties 162-5 North Main Street, Florida, New York 10921 Phone: (845) 651-3292 PROPERTIES CAPITAL Big V Capital is seeking strategic, value add and/or core plus investment opportunities in our core Southeastern markets. For more information, please contact Robert Levy, Managing Partner (845) 651-2579 PROPERTIES CAPITAL

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