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TSCG Takes Publix-Anchored Center To Nearly 100% Leased, Tenants Announced
WINSTON-SALEM, N.C. – The Shopping Center Group, one of the largest, privately owned, retail real estate advisory firms in the United States with offices coast-to-coast, announces the tenant line-up at a nearly complete, Publix-anchored, neighborhood center in Clemmons, NC, a suburb of Winston-Salem. The 86,000-square foot Peace Haven Village is 95% leased with approximately 5,000 sq. ft. of small shop space available.
“The Morgan Companies has worked diligently to make the Clemmons development a reality,” explains Darrell Palasciano, leasing advisor for The Shopping Center Group and exclusive leasing agent for Peace Haven Village. As the largest retail development north of Interstate 40 to date — and one of only two along Lewisville Clemmons Road, Peace Haven Village is designed to attract quality neighborhood and quick service restaurants along with first-class goods and service retailers to this sub-market.
“We are very excited for the community, Publix as well as the local and national retailers that will be a part of this new project,” explains Trey Morgan, president and CEO of The Morgan Companies.
The Peace Haven Publix is the second location for the grocer in the county, the only officially announced locations in the Triad. The store opened last week in time for Thanksgiving. Publix will be joined by Pet Supermarket, Sport Clips and Lee Nails, which are currently completing their interior construction and expected to open by year-end. Additional tenants including Panera Bread (relocating from its storefront south on Lewisville Clemmons Road), Moe’s Southwest Grill and Mattress Warehouse will open next year. Negotiations with additional restaurants including a pizzeria and gourmet burger concept are currently underway.
With excellent visibility, access and ample parking, Peace Haven Village is less than one mile from Jerry Long Family YMCA — the largest facility in the region with over 13,400 members, Morgan Elementary School and the new Novant Health Hospital. Currently, 30,000 residents with an average household income of more than $83,000, reside within three miles of the retail center. A daytime population of nearly 10,000 people add to the buying power of this market. Nearly 40,000 vehicles travel through this intersection daily providing exceptional visibility to the tenants.
The 14-acre-site was acquired for approximately $4 million in 2016 by The Morgan Companies. The firm also recently commenced construction of a Publix-anchored neighborhood center in Richmond, Va. further adding to the company’s growing $1 billion portfolio of assets in virtually all commercial sectors.
The Morgan Companies
For more than 40 years, the professionals at The Morgan Companies have produced more than 150 quality commercial developments for its principals, clients, and investors. The company has acquired and developed more than $1 billion of multi-sector assets throughout the Eastern United States. Morgan handles all phases of the complex development process from site selection and governmental approvals through financing and construction to leasing and asset management. The Morgan Companies specializes in national credit tenant-anchored properties, including shopping centers, office buildings, hotels, and medical properties. For more information, visit TheMorganCos.com.
About The Shopping Center Group
Founded in 1984, The Shopping Center Group, with 20 offices covering 16 states, is a retail real estate advisory firm respected for its analytical approach, wide-ranging resources and industry leading results. The firm delivers “best in class” service in tenant representation and surplus disposition, project leasing, property management and construction supervision, investment advisory services, capital markets and location analytics to retailers, landlords, developers, investors and financial institutions throughout the Eastern United States and California. In 2016, The Shopping Center Group facilitated over 2,000 transactions totaling over $2 billion. The firm’s third-party portfolio includes exclusive leasing assignments for over 800 retail centers totaling over 60 million square feet and management agreements for over 11 million square feet of retail property. The firm also represents over 400 national and regional retailer and restaurant operators. For more information, visit theshoppingcentergroup.com.