Monarch Investments | Monarch at Stonecrest Pavilion
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Monarch at Stonecrest Pavilion

June 19, 2013 (Atlanta, GA). Monarch Investments Group, L.L.C., the Atlanta-based real estate firm, announces that it has acquired Stonecrest Pavilion, a 48,000-square foot retail center in the Atlanta market.

Stonecrest Pavilion is a power center anchored by H.H. Gregg, adjacent to the five-anchor Mall at Stonecrest in Atlanta’s eastern suburbs.  The Mall at Stonecrest includes anchors such as Macy’s, Dillards, and J.C. Penney and contains over 1.16 million square feet of retail space.

Monarch and its affiliates currently own retail centers throughout the southeastern U.S. The company plans to acquire another $50 million of retail properties this year and an additional $200 million in 2014.

Monarch Investments is an affiliate of Atlanta-based Crown Holdings Group, which has investments in retail, multi-family, office, residential and mixed-use properties.  Crown and its affiliates have acquired over $500 million worth of assets over the past several years and plan to acquire over $1 billion worth of properties over the next three years.

“We are excited about the acquisition of Stonecrest Pavilion, which is a strong addition to our current portfolio,” said Monarch’s Managing Principal Stephen M. LaMastra.  “It is an attractive and well-located asset in a key Atlanta trade area and we are thrilled to add another national retailer in HH Gregg to our tenant relationships.”  The company also owns Stonecrest Festival nearby and numerous other retail properties in the greater Atlanta area.

Monarch Investments is actively seeking retail shopping centers located in the United States. Please contact Steve LaMastra at (770) 391-1233 for more information.