Clubstore Outlet comes to Paulding Commons, joins Academy Sports, Hobby Lobby and Planet Fitness.
The Shopping Center Group, one of the largest, privately owned, retail real estate advisory firms in the United States with offices coast-to-coast, announces Clubstore Outlet as the latest tenant to join the growing retail lineup at the recently redeveloped Paulding Commons in Hiram, Ga. Making its Georgia debut, this value retailer offers quality products from big box retailers and wholesale clubs at a discount of 25-90%.
Clubstore Outlet joins Academy Sports, Hobby Lobby and Planet Fitness, as well as Aspen Dental, Visionworks and Jersey Mike’s Subs at the 209,000-square foot retail center fronting Jimmy Lee Smith Parkway. The non-membership discount retailer is scheduled to open this 7,480-square foot store by April.
“We purchase high-quality, name-brand overstocked inventory from reputable wholesale big box clubs and retailers and resell them at deep discounts to consumers with no membership fees,” explains Donna Marshall, franchisee, Clubstore Outlet. “Shoppers at Paulding Commons will enjoy our selection of clothing, electronics, non-perishables, furniture, housewares, toys, jewelry, paper and cleaning products, small appliances, bedding and more.”
Brett Fuller of The Shopping Center Group represented the landlord and SharyThur of Thur& Associates represented Clubstore Outlet in the transaction.“The center’s tenant line-up is bringing much needed amenities to this active and growing suburban community,” states Fuller.
The joint venture of Chicago-based Walton Street Capital and Houston-based NewQuest Investment Company (a subsidiary of NewQuest Properties) acquired Paulding Commons in November 2013.
Following renovations that exceeded $2 million, Paulding Commons is 92% leased with 20,000 square feet available,including an 11,500 junior anchor box and small shop space ranging from 1,050-3,000 square feet. According to Fuller, TSCG is pursuing complimentary service, retail and restaurant uses to fill the remaining space.
Paulding Commons is located in the heart of Hiram’s retail corridor at the main intersection of Jimmy Lee Smith Parkway and State Road 92/Hiram Acworth Highway. Nearly 50,000 cars travel daily through the intersection,and 81,000 consumers with an average household income of almost $77,000 live within five miles of the center.
About The Shopping Center Group
Founded in 1984, The Shopping Center Group, with 21 offices covering 16 states, is a retail real estate advisory firm respected for its analytical approach, wide-ranging resources and industry leading results. The firm delivers "best in class" service in tenant representation and surplus disposition, project leasing, property management and construction supervision, investment advisory services, capital markets and location analytics to retailers, landlords, developers, investors and financial institutions throughout the Eastern United States and California. In 2016, The Shopping Center Group facilitated over 2,000 transactions totaling over $2 billion. The firm’s third-party portfolio includes exclusive leasing assignments for over 800 retail centers totaling over 60 million square feet and management agreements for over 10 million square feet of retail property. The firm also represents over 400 national and regional retailer and restaurant operators. For more information, visit theshoppingcentergroup.com.
About NewQuest Properties
Founded in 2001, NewQuest Properties is a full-service commercial real estate company with a portfolio exceeding $1.4 billion in assets including more than 50 retail centers throughout Texas. Combined with its own portfolio, NewQuest leases more than 12 million square feet of retail space in Houston, Corpus Christi, Dallas and other Texas cities. With projects from Corpus Christi to the Dallas / Ft. Worth area, and now in Louisiana, NewQuest has a proven track record of meeting the needs of a diverse client roster. Its in-house team can coordinate every aspect of retail leasing, development, acquisition, financing, architectural design, marketing, space planning, and property management.
