Joint venture partners, The Sembler Company and Berkley Development announce the groundbreaking of North Macon Plaza, a new retail development in the growing, northeastern sub-market of Macon-Bibb County, Georgia.
North Macon Plaza will feature 166,465 SF of retail, sitting well positioned at I-75 and Bass Road, a 5-8 minute drive from Downtown Macon.
The center, opening Fall 2019, will offer a number of new and returning retailers to the Macon-Bibb County market, including: Marshall’s/Homegoods, Michaels, Beall’s Outlet, Old Navy, Five Below, Famous Footwear and Lifeway Christian. The plaza will also be adjacent to Bass Pro Shops’, a 600,000 SF Sportmans Warehouse retail facility and distribution center and the Shoppes at River Crossing, a 750,000 sf lifestyle center.
“We’ve been actively pursuing this deal for quite some time,” said Michael Cohn, founder of Berkley Development. “The demographics, regional location and proximity to the residential growth, make this development highly desirable.”
Sembler CEO Ron Wheeler commented, “North Macon Plaza meets all of our investment criteria – great market, well located, long-term appreciation potential and most importantly a great joint venture partner. We’re looking forward to seeing this project come to life and hope it’s the first of many with Berkley Development.”
Cohn also mentioned that there is opportunity for a North Macon Plaza Phase II that could accommodate up to 50,000 square feet, noting the growth of new companies in the area that can help create market opportunities.
The North Macon Plaza property was purchased from Fickling & Company whose long-term vision for Bass Road continues to materialize.
NEWS RELEASE
Contact: Amber Brinkley
Phone: (727) 466.7695
