FORGE ANNOUNCES ACQUISITION OF CONYERS SQUARE
Forge Real Estate Partners IV, LP, a joint venture between Forge Capital Partners and The Sembler Company, has acquired Conyers Square Shopping Center, a 90,218 square foot Kroger-anchored shopping center located in Conyers, Georgia.
Conyers Square is anchored by a strong performing Kroger supermarket that has operated at the property since 1985 and serves the rapidly growing Conyers suburb of the greater Atlanta metropolitan statistical area. The property is ideally situated in a dominant retail corridor just two miles south of Interstate-20 along the going home side of Highway-138. This asset is poised to continue benefiting from Atlanta’s prolific economic expansion and the Fund Manager plans to create value through the lease up of vacant space and remerchandising of the tenant mix.
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a solid track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.
The Sembler Company, formed in 1963, is one of the premiere full-service real estate companies in the United States. Specializing in commercial retail development, Sembler has developed over 300 properties throughout the Southeast and Puerto Rico, consisting of 27 million square feet and including 44 Publix-anchored centers and 25 Target-anchored centers. The company currently manages and leases over 10 million square feet of company owned and third party retail properties.