Earth Fare, the North Carolina-based organic and natural foods grocer, has signed a lease for a 24,782-s.f. store as part of the second phase of Emory Point in Atlanta.
“We’re very excited about Earth Fare anchoring the second phase of Emory Point,” said Larry Gellerstedt, president and CEO of Cousins Properties, which, along with Gables Residential, worked with Earth Fare on securing its lease. “The addition of an organic grocer provides the surrounding neighborhoods, as well as our Emory Point community, a unique and highly sought-after offering.”
Emory Point is part of Earth Fare’s multi-point entry into the Atlanta market. The grocer currently operates more than 30 stores in nine states. The addition of the natural foods grocer brings the retail portion of phase two to 64.6 percent leased.
“Earth Fare is a highly desirable and complementary provider of organic goods that we welcome enthusiastically to the neighborhood,” said Joe Wilber, SVP of Investments-East for Gables Residential. “Offering a grocery store on-site is a tremendous value for our residents and fellow retailers as well as a convenience for many in the surrounding area.”
Emory Point is a vertically integrated luxury mixed-use development located in the Clifton Corridor, adjacent to The Centers for Disease Control and Prevention and in close proximity to Emory University and Emory Healthcare. The first phase opened in 2012 and includes 80,000 s.f. of retail and 443 apartment units. The retail and apartments currently are 90 percent and 99 percent leased, respectively. The second phase commenced construction in 2013 and includes 43,000 s.f. of retail and 307 apartments. Cousins and Gables expect phase two to open for business in early 2015.
