Whole Foods development in greater Decatur sold
A Whole Foods-anchored mixed-use development in greater Decatur has a new owner.
S.J. Collins sold the property to Weingarten Realty Investors for an undisclosed sum. The property went on the market earlier this year and the asking price was $55 million.
The residential portion of the project – the 290-unit Solis Decatur Apartments – wasn’t part of the transaction according to Cushman & Wakefield, the company representing the seller.
“North Decatur Station is the retail component of a newly-constructed mixed-use project located at 1555 Church Street,” a press release from Cushman & Wakefield says. “The shopping center is anchored by Whole Foods Market 365 and the property is fully leased to a best-in-class merchandising mix including Hollywood Feed, Gusto!, Big Peach Running, Club Pilates, Jason’s Deli, F45 Fitness, Thrive Vet Clinic and others.”
The anchor tenant, Whole Foods 365, will likely become a regular Whole Foods store due to the company scrapping the 365 concept.
Previously the development was named North Decatur Square. A spokesperson for Cushman & Wakefield confirmed the name has been changed to North Decatur Station, but she didn’t immediately know the reason for the name change.