In The News

The Shopping Center Group Awarded Leasing And Management For Centennial Village

NY-Based Investment Firm Makes Debut Acquisition in Atlanta

ATLANTA— The Shopping Center Group was awarded the leasing and management assignment for Phase I of Centennial Village, a neighborhood center located in Roswell, Ga. New York-based Rothenberg-Rosenfield, Inc. acquired the 95,876-square-foot, Kroger-anchored shopping center on Holcomb Bridge Road (State Route 140).

“Centennial Village is a premier grocery-anchored center situated in the heart of the Holcomb Bridge commercial corridor, a convenient shopping and dining hub for the Roswell community,” explains Jonathan Dubovsky, director of leasing, The Shopping Center Group, Georgia Division. “Our experienced leasing agents have been entrenched in the Holcomb Bridge retail corridor for many years, enabling us to leverage strong relationships established within the local retail community, so that we deliver value not only to Centennial Village and Rothenberg-Rosenfield, but to the surrounding community as well.”

The purchase of Centennial Village marks Rothenberg-Rosenfield’s entrance into the Atlanta market. The debut acquisition aligns with Rothenberg-Rosenfield’s investment criteria of seeking well-positioned grocery-anchored shopping centers in strong primary markets. The firm’s market penetration strategy will evaluate both stable as well as distressed retail assets in order to build its Atlanta portfolio.

“We are excited about our first of what will be many acquisitions in the Atlanta market. In selecting Atlanta, we were drawn by our long-term vision of choosing major US cities whose strengths mirror the future growth of this country,” states Josh Rosenfield, partner, Rothenberg-Rosenfield, Inc. “The Shopping Center Group is a valued member of our trusted team that is working to execute our real estate strategy and they are assisting us in meeting our investment goals. We look forward to a continued partnership with The Shopping Center Group as we build our real estate portfolio.”

With this assignment, The Shopping Center Group is now the exclusive leasing and management agent for both Phase I and Phase II of Centennial Village, totaling over 213,000 square feet. Phase II includes Kohl’s, PETCO, Rite Aid, Goodwill and Moe’s Southwest Grill.

“For several decades, the Roswell sub-market has proven to be fertile retail ground with demographic strength that positions it as one of Atlanta’s premier suburban communities,” explains Dubovksy. The densely populated consumer base is marked with an average annual household income of more than $130,000 within one mile of Centennial Village. Trade area statistics within a three mile radius further strengthen the appeal of the retail center with more than 26,000 households representing a population of 81,000 residents with an average annual household income surpassing $134,000. The shopping center is adjacent to Centennial High School, the top-performing school in Fulton County. In 2008, the school was ranked 272 among the top 500 high schools by Newsweek Magazine, demonstrating the caliber of residents within the Roswell community.

In addition to Kroger, Phase I of Centennial Village includes the following tenants:

Café Au Lait
Closet Exchange
Great Clips
Hollywood Nail & Tan
Ivy Cleaners
Kasserole King
Massage Envy
Monterrey Mexican
Rita’s Ice Cream
Shanghai Chinese
The UPS Store
Visual Eyes

Currently, Phase I is 83% leased with approximately 16,500 square feet available immediately. For more leasing information, contact Tosh Wolfe or Tiffani Arden at 770.955.2434 or visit www.theshoppingcentergroup.com.

The Shopping Center Group provides leasing and management advisory services on behalf of the most respected retail real estate companies throughout the United States. The firm leases 50 million square feet and manages seven million square feet of retail space throughout the Southeastern and Mid-Atlantic states.

_About Rothenberg-Rosenfield, Inc.
Founded in 1981, Rothenberg-Rosenfield, Inc. is a real estate investment firm with over one million square feet of retail and industrial properties throughout Denver. The firm also holds residential assets in New York City. Rothenberg-Rosenfield seeks to expand its retail portfolio through acquisitions in select cities across the United States.

About The Shopping Center Group
Founded in 1983, The Shopping Center Group, with over 200 experienced professionals in 21 offices, is a retail real estate advisory company respected for its analytical approach, wide-ranging resources and
industry leading results. The firm provides retail real estate advisory services to owners, retailers, landlords, developers, investors and financial institutions throughout the United States. The team delivers "best in class" service in tenant representation, project leasing, property management, development consulting, investment sales and finance. Its historical perspective, industry insight and business acumen validates The Shopping Center Group as retail real estate specialists and valued advisors. For more information, visit www.theshoppingcentergroup.com._

CONTACT: Gina Adkins, 770-321-8782

ChainLinks Media Contact:
Marie Robinson - 800.394.3701 ext. 8970