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Anatomy of a Lease: Palmetto Moon in Canton, Ga.

Photo provided courtesy of Bill Read of Retail Specialists

A full 10-year NNN lease was signed for Palmetto Moon to occupy a space that previously housed a rue21. The unit is in a 600,000-s.f. power center, called Canton Marketplace, which is about 35 miles north of Atlanta. The store is expected to open in March. Palmetto Moon agreed to handle all construction costs, and the retailer will completely remodel the space to reflect its latest prototype, a more modernized concept that can easily display an expanded collection of Southern-based apparel labels and gifts.

Tenant: Palmetto Moon
Location: Canton, Ga.
Square Footage: 6,131 s.f.
Developer/Owner: Acadia Realty Trust
Property Type: Power Center
Initial Term: 10 Years

The team behind Palmetto Moon, a brand that is particularly selective about its site selection, was interested in the Canton Marketplace because it is the dominant shopping center in a 15-mile radius, and it caters to the entire Canton region, as well as the growing surrounding markets. The inline space has a Five Below and an Off Broadway Shoes on either side of it and is located in the busiest wing of the shopping center, with tenants such as T.J. Maxx, Ulta Beauty and Dick’s Sporting Goods. The shopping center also houses other nationally known retailers such as Super Target, Kohl’s, Lowe’s, Best Buy, PetSmart, Buff City Soap and pOpshelf. This will be the ninth Palmetto Moon in Georgia. Even though Palmetto Moon also has a store in nearby Woodstock — located about 10 miles away — the high amount of traffic that Canton Marketplace generates justified opening another unit.

Tenant Representation:
The Greenberg Group
1200 W. Broadway
Hewlett, NY 11557
Steven Greenberg, Founder/President
(516) 295-0406, Ext. 204
sgreenberg@thegreenberggroup.com

Property Representation:
Retail Specialists
2110 Powers Ferry Road
Atlanta, GA 30339
Bill Read, EVP of Leasing & Acquisitions
(404) 307-2116
bill.read@retailspecialists.com

Picture of Linda Frabl

Linda Frabl

Frabl is the former editor and reporter of Crittenden’s Retail Tenants Report. She has several years of experience in publishing including stints as a freelance writer, managing editor, copy editor and as an editor-in-chief for two Los Angeles County-based lifestyle magazines. She has worked for Crittenden Research since 2018. She has a degree in English from the University of California, Santa Barbara, and resides in San Diego.

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