Monarch at Howell Crossing
Howell Crossing is a retail center anchored by the popular full-service restaurant chain Taco Mac and is located in the heart of Duluth, one of Atlanta’s most affluent northeastern suburbs. Howell Crossing includes regional and local retail, restaurant and service tenants serving the Duluth area and was developed by the Scott Hudgens Companies, a major Atlanta developer. Debt for the transaction was provided by A10 Capital, a large and fast-growing national lender.
Monarch and its affiliates now own and manage nearly 700,000 square feet of retail space throughout the southeastern U.S. Monarch plans to acquire $200 million of properties in 2014.
“We are excited about our latest acquisition, Howell Crossing in Duluth, because it continues our effort to grow our presence quickly in our hometown of Atlanta,” said Monarch’s Managing Principal Stephen M. LaMastra. “We are also excited about the opportunity to continue to build relationships with the Hudgens companies and with A10 Capital, an important partner for us.”
Monarch Investments Group owns numerous other retail properties in Atlanta. Monarch is an affiliate of Atlanta-based Crown Holdings Group, founded in 2009, which plans to grow into “one of the most active real estate companies in the southeastern U.S.” over the next two years, according to co-founders Moshe Manoah and Blair Schlossberg.
Crown has investments in retail, multifamily, 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.
Monarch Investments is actively seeking retail shopping centers located in the United States. Please contact Stephen M. LaMastra at (770) 391-1233 for more information.