Coro Realty Acquires Noonday Creek Crossing, Expanding Retail Portfolio in Metro Atlanta
Atlanta (Nov 3, 2023) — Coro Realty has acquired Noonday Creek Crossing, a fully leased, more than 153,000-square-foot retail center located on 15 acres in Kennesaw, Georgia.
Situated less than a mile from the heart of the Kennesaw State University (KSU) and adjacent to the growing school's sports and entertainment complex, the property boasts an impressive tenant lineup, including Burlington, PGA Tour Superstore and Medici Medical Arts Center.
"Noonday Creek Crossing represents a prime investment opportunity in a location with exceptional growth potential," said Coro Realty President and Managing Partner Robert Fransen. "We are excited to execute our value-add strategy, enhancing the property and creating lasting value for our investors.”
Constructed in 1996 and renovated in 2005, Noonday Creek Crossing is strategically positioned at 2911 George Busbee Parkway on the corner of Grace Street.
The highly desirable location is between Kennesaw State University and its 43,000 students and the Town Center at Cobb, a 1.3 million square foot super‐regional mall. Town Center at Cobb is the second most visited retail center in Georgia.
The property is in a high‐income area with a robust retail demand, presenting a unique investment opportunity.
Coro Realty will implement its value-add strategy, focusing on building improvements and enhancing the overall guest experience. This aligns with the real estate development and investment firm’s commitment to creating thriving retail environments and maximizing the potential of each asset in its portfolio.
Coro Realty acquired Noonday Creek Crossing from an affiliate of Fletcher Bright Company. Zach Taylor, Senior Managing Director of Investments with Institutional Property Advisors, brokered the sale.
About Coro Realty
Coro Realty was founded in 1997 and is synonymous with intelligent real estate development and investment. With a commitment to smart growth, the urban landscape and innovation, Coro Realty continues to demonstrate its leadership in the market with the successful execution of quality investments. It provides investment, asset management, leasing and property management for a myriad of commercial and residential properties throughout the Southeastern United States. Coro Realty oversees approximately 50 properties valued in excess of a billion dollars. For more information, visit cororealty.com.
Media contact: Thornton Kennedy, (404) 210-0363, thornton@prsouth.net
