SANDY SPRINGS, Ga. — Jamestown, a global and design-focused real estate firm, announced the addition of Fountain Oaks on Roswell Road to its portfolio April 9.
Located in Sandy Springs, Fountain Oaks is a roughly 160,000-square-foot center anchored by Kroger. Originally built in 1988 and renovated in 2003, Fountain Oaks is 92 percent leased to 38 tenants, according to Jamestown representatives.
Since 1990, the firm has owned and operated more than 4.6 million square feet of grocery-anchored shopping centers in more than 15 markets.
The new acquisitions, including Tamarac Town Square in Florida, expand the firm’s portfolio to nine shopping centers across Georgia and Florida totaling some 1.4 million square feet.
Jamestown President Michael Phillips said the company has focused on grocery-anchored shopping centers for decades.
“Our vertically integrated capabilities and consumer-centric approach to real estate are differentiators within the space,” Phillips said. “Our aim is to create third places where people come together and feel connected, and grocery-anchored shopping centers hold the potential to be fixtures of the communities they serve.”
While known for its large, mixed-use developments and adaptive reuse projects, Jamestown has invested in community-focused, grocery-anchored shopping centers for more than 30 years. The firm has owned and operated more than 20 in its history, and the sector continues to be a focus area.
Jamestown’s in-house leasing team works with local retailers to curate a community-focused tenant mix that caters to daily needs and an increasing suburban daytime population.
The firm also implements placemaking initiatives focused on improving the customer experience, tenant performance, sustainability and revenue generation. Current initiatives include the introduction of property-wide Wi-Fi, electric…
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