5Rivers Picks Georgia’s Largest Outdoor Retail Center
Nuveen Real Estate has unloaded Fayette Pavilion, the state’s largest and most popular open-air center (Placer.ai). 5Rivers CRE bought the 1.1 million square foot property. CBRE arranged the sale.
Located in Fayetteville, Georgia, approximately 22 miles south of downtown Atlanta, Fayette Pavilion sits on approximately 106 acres. The center attracts over 8.3 million annual visits. Developed in four phases from 1995-2003, the property has evolved into a super-regional, tandem grocery-anchored shopping destination. Currently 96% leased, Fayette Pavilion’s tenant roster stands at 68 tenants, 70% of which have been at the property for over five years. Notable anchors like Publix, Hobby Lobby, Burlington, Ross Dress for Less, Marshalls, PetSmart, Old Navy, pOpshelf, Dollar Tree, and Five Below.
Founded in 1995, 5Rivers CRE is a family-owned commercial real estate investment management company based in Houston. Since its inception, the company’s portfolio has grown to 5.4 million square feet of retail space valued at $700 million, mostly located in the Sun Belt
