Monarch Investments | Monarch at Acworth Crossing
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Monarch at Acworth Crossing

September 10, 2013 (Atlanta, GA). Monarch Investments Group, L.L.C., the Atlanta-based real estate firm, announces that it has acquired Acworth Crossing, a 120,000-square foot retail power center in the Atlanta market.

Acworth Crossing is a power center anchored by PetSmart, Michaels and Best Buy in Acworth, one of the most affluent of Atlanta’s northwestern suburbs. Acworth Crossing also includes national tenants such as Dollar Tree and Leslie’s Pools, as well as a mixture of retail, restaurant and service tenants serving the Acworth area.

Monarch and its affiliates currently own over a dozen retail centers throughout the southeastern U.S. Monarch plans to acquire another $50 million in retail properties this year and an additional $200 million of properties in 2014. With the addition of Acworth Crossing, the company currently owns and manages over 500,000 square feet of retail space.

“We are thrilled with the acquisition of Acworth Crossing because it is a major retail center in an affluent trade area in our hometown of Atlanta. We are also excited about the opportunity to build relationships with anchors like Best Buy, PetSmart, Michaels and Dollar Tree as we continue our rapid expansion,” said Monarch’s Managing Principal, Stephen M. LaMastra.

Monarch owns numerous other retail properties in the greater Atlanta area and the southeastern United States and is an affiliate of Atlanta-based Crown Holdings Group.

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