Since its inception in 1981, Columbia Properties has developed more than 70 properties in the metropolitan Atlanta area and throughout the southeast. Currently, CPI manages, leases, and/or owns over one million square feet of retail shopping centers ranging in size from 15,000 to over 100,000 square feet, located in the Atlanta metropolitan area and throughout Georgia.

Recent Developments & Investments

Douglas Commons Douglas Commons is a 97,027 square foot neighborhood shopping center located at the intersection of Hwy 92 and Hospital Drive in Douglasville, Georgia. The property is anchored by a 59,000 sf Kroger, and other tenants include Little Caesar's, UPS Store and Longhorn Steakhouse. Columbia and our investment partners acquired the center in early 2020.
Merganser Commons at Bonaire Merganser Commons at Bonaire is a 58,000 square foot center anchored by a 45,000 sf Publix Supermarket. The center was developed by Columbia in a joint venture with Merganser Enterprises and was construction was completed in 2018. The property is located at the intersection of SR 247 and SR 96 in Bonaire just south of Warner Robins, GA.
Prince Creek Village Center is a 13 acre development in Murrell's Inlet, South Carolina on the south side of Myrtle Beach. Prince Creek is anchored by a 45,000 sf Publix Supermarket and contains 18,000 sf of shop space and two out-parcels. Construction of the center was completed in the spring of 2017.
Parkside West Cobb is a 21 acre development on the corner of Dallas Highway and Casteel Road in Marietta, GA in West Cobb County. The property sits directly across the street from Cousins lifestyle center "The Avenue West Cobb", with tenants Barnes & Noble, Pier One, Victoria's Secret, Banana Republic, Gap and several others. Columbia identified and worked through an extremely difficult zoning process on this property for seven years. We worked hard with the adjacent homeowners to come up with a layout, architecture, landscaping and many other items to come to a mutually beneficial development that all of the surrounding community was eager to welcome. Parkside contains 147,000 sf and is anchored by Sprouts Farmers Market, Stein Mart, Ulta Cosmetics and includes a tenant line-up including Mellow Mushroom, Zoe's Kitchen, a credit union, Regions Bank. Parkside's grand opening took place in 2017. Columbia sold the property to Bentall Kennedy in late 2017.
Olde Ivy Village is a 10 acre development on the busy intersection of South Cobb Drive and the East West Connector in Smyrna, GA. Known as the "gateway to Smyrna," this property is directly across the street from a very high volume Publix and shares the intersection with RBC Centura Bank, Suntrust, Bank of America, Chase Bank, BB&T, Burger King, Pizza Hut and many other national tenants. The property was formerly a Home Depot Landscape supply store which Columbia purchased in 2008. Subsequent to purchasing the land, Columbia swapped several parcels of land with the adjacent multi-family development to create additional road frontage and then brought in nearly 200,000 yards of fill dirt to create a marketable site. Columbia sold parcels to Smyrna Eye Group and Racetrac Petroleum in 2009 and 2010, and ground leased parcels to Krispy Kreme and Del Taco in 2012 and 2013, respectively. Columbia developed the remainder as a 46k sf Sprouts Farmers Market anchored shopping center which opened in April 2015.
Crabapple Crossing is a 9,300 square foot retail center purchased by Columbia with its investment partners in an off-market transaction in March of 2014. Crabapple Crossing is situated on a pin-corner location of 2 busy roads in the high quality Roswell market. It is benefitted by great access, visibility and demographics.
Powder Springs Pavilion is a 50,000 square foot Walmart SuperCenter shadow anchored center located in Powder Springs, GA. Columbia and our partners closed this partially completed development in 30 days in March of 2013 following a foreclosure through one of our banking relationships. Columbia was able to purchase this fully graded and entitled property including partially constructed retail buildings for less than 20% of the original cost of construction. The property has been sitting unproductive for more than four years, we look forward to completing the development to provide the Powder Springs community with additional retail options.
The Village at Druid Hills is a 26,150 s.f. development just east of Buckhead in the heart of Atlanta. Columbia and our partners closed this land purchase in 45 days in December 2012 from a regional lender who had foreclosed on the property. It is an outstanding piece of real estate located just off I-85 at North Druid Hills & Briarcliff Roads, less than 2 miles east of Lenox Mall and Phipps Plaza. Columbia was able to secure tenant commitments from national credit tenants Sprint, Mattress Firm, Newk's Cafe, Sports Clips, and Willy's all before commencing construction. Columbia sold the free-standing Mattress Firm in May of 2014 and refinanced the construction loan on the remaining shopping center into a permanent non-recourse loan creating a long-term high-quality income stream on this high quality asset.
Conyers Pointe is an 87,500 square foot center anchored by a 45,000 square foot LA Fitness and a ground lease to Popeye's Chicken. The property was acquired via the purchase of a non-performing loan in early 2012 that was converted to fee simple ownership with a deed in lieu of foreclosure in December 2012. Columbia ultimately sold the Popeye's Chicken and the LA Fitness building in 2 separate transactions while maintaining the future development pad as future upside.
Suwanee Depot is a 65,408 sf shopping center anchored by Office Depot. The center is located less than 1/4 mile off Interstate 85 on Lawrenceville Suwanee Road in the rapidly growing city of Suwanee, GA. The center was developed in 2008 and Columbia and its partners were able to purchase this nearly new retail center on a short-sale in June 2012 at a basis of less than $80 psf. The center was 80% occupied at the time of purchase.
The Village at Millers Chapel is a 75,600 square foot development in Conyers, GA anchored by a 45,600 square foot Publix Supermarket. This project opened in July 2012 and one parcel was sold to Chase Bank prior to completion of the construction. Columbia sold this center into a Joint Venture with Big Shopping Centers USA in April 2014 for $15.85MM in which Columbia retained an ownership interest in the deal.
Trowbridge Crossing is a 62,558 square foot center anchored by a 38,000 square foot Publix Supermarket in Sandy Springs, GA which was acquired by Columbia and our investment partners in August 2011 from an Australian REIT which was divesting its US Portfolio. It is on the corner Trowbridge and Roswell Road, which is the main retail corridor in this affluent Atlanta city. Columbia sold this center into a Joint Venture with Big Shopping Centers USA in April 2014 for $10MM in which Columbia retained an ownership interest in the deal.
Wilshire Village is a 40 acre development in Peachtree City, Georgia which Columbia completed sitework in early 2009. Columbia sold 30 acres for an assisted living facility and closed retail deals with AutoZone and Delta Community Credit Union. Wilshire Village sits directly across from the successful Publix anchored Wilshire Pavilion, developed by Columbia in 2000. Columbia purchased the site based upon the success of Wilshire Pavilion, the great demographics of the area and particularly because of Georgia DOT's future plans to widen State Route 74 and re-aligned Rockaway Road to create 2 true pin-corner retail sites at Wilshire Village - a plan which was completed in late 2011.
Merchants Exchange is a 140,000 square foot center anchored by a 48,000 square foot LA Fitness which is subleasing from Kroger. Columbia and our investment partners purchased this center in October of 2009 from Centro who was attempting to raise cash to avoid bankruptcy in the midst of the financial crisis. This center sits in affluent East Cobb County (Marietta,) GA at the main retail node of Roswell Road and Johnson's Ferry Road on an irreplaceable piece of real estate. The center is directly across the street from Cousin's Avenue East Cobb lifestyle center as well as Super Target, Whole Foods, Fresh Market, Trader Joes and several other prominent retailers.
Breakfast Point Marketplace is a 105,000 square foot center in Panama City Beach, Florida anchored by a 54,000 square foot Publix and a 21,000 square foot Office Depot developed by Columbia and completed in May 2009. Columbia convinced Publix to re-locate a store on middle beach road to this site on Highway 98 at the entrance of The St. Joe Company's master planned "Breakfast Point" development. Columbia leased this center to 99% occupancy and sold the center to Cole Real Estate Investments in November 2010.
Village Shoppes at Windermere is an 81,000 square foot center in Suwanee, GA anchored by a 39,000 square foot Publix Supermarket developed by Columbia and completed in November 2008. The center is in a very affluent area of South Forsyth County with average household incomes in excess of $150k per year. Columbia selected the site based upon the demographics and future planned roadway improvements creating Windermere Parkway which were key deciding factors in attracting Publix. Columbia had to assemble several parcels of land to create the site and worked closely with neighborhood residents and local planners to re-zone the property which included 2 lots from an adjacent residential subdivision. Publix enjoys stellar sales numbers at this location. The center was sold to USAA Real Estate Company in December of 2010.
Brownsville Square is a 65,000 square foot center which was originally developed by Columbia in 1995 as a Winn-Dixie and was re-tenanted with a Food Lion grocery store in 2009 and subsequently re-tenanted with a Food Depot grocery store in 2012 when Food Lion withdrew from the Atlanta market.
Columbia developed and/or ground-leased sites to AutoZone in Newnan, Suwanee, Stockbridge and Peachtree City between August 2007 and November of 2008 - all of which were subsequently sold to private investors.
Three Chimneys Pavilion is a 27,000 square foot development completed by Columbia in August of 2007. The development included a build-to-suit for CVS pharmacy a McDonald's, a Goodyear and an additional outlot. Columbia was able to get retail zoning despite local neighborhoods' initial vocal opposition to the development. Columbia worked closely with nearby homeowners to tailor a development plan which was pleasing for all parties. The site is on the same intersection as The Village Shoppes @ Windermere. Columbia developed both corners based upon our early recognition of the fantastic retail node that would be created by the future Windermere Parkway. The CVS and the McDonald's were subsequently sold to private investors and the Goodyear was sold to a developer.
Carter Norcross Plaza is a 18,000 square foot strip center located on Jimmy Carter Boulevard in Norcross, Gwinnett County. Carter Norcross Plaza was developed by Columbia on behalf of one of our clients in 2007.
CVS Newnan
Columbia acquired this 2 acre parcel of land in conjunction with its development of Stillwood Pavilion in 2006. Columbia was able to structure a complex transaction with CVS which included Columbia acquiring a separate CVS lease in Snellville, GA.
Stillwood Pavilion is a 74,800 square foot center in Newnan, GA anchored by a 45,600 square foot Publix Supermarket developed by Columbia and completed in September 2006. The property was selected by Columbia for its outstanding location within the master planned communities of Summergrove and Stillwood Farms. Columbia closed on the property despite not having any tenant commitments and was able to convince Publix to open a store at the location after holding it for less than one year. Columbia was also able to develop the corner across the street from Stillwood Pavilion for a CVS Pharmacy. Columbia leased this center to 95% occupancy and sold it to a private equity group in March of 2008.
Southard Crossing is a small development in Cumming, GA completed by Columbia in June of 2006. The development included a build-to-suit for CVS pharmacy as well as a BB&T Bank and a local restaurant. Columbia was able to purchase the property from a local family that had owned the site for several generations and had long resisted selling. The site is directly across the street from a Publix anchored shopping center that was developed in conjunction with this site. The CVS Pharmacy was sold to a private investor in February of 2007, the restaurant site was sold to an operator and the BB&T parcel sold directly to the bank.
CVS Snellville
In April of 2006, Columbia was able to negotiate a very creative deal with CVS on a property in Newnan, GA whereby Columbia developed and delivered a graded pad site to CVS and CVS traded to Columbia a newly-completed store in Snellville, GA based upon a pre-determined return. Columbia subsequently sold the Snellville CVS Pharmacy to a private investor in April of 2007.
Walgreen's Mableton
Columbia developed this 14,800 square foot Walgreen's Pharmacy in July of 2005. The Walgreen's was adjacent to a Publix anchored center developed earlier by Columbia and was sold in a portfolio transaction to M&J Wilkow.
Providence Pavilion is a 110,000 square foot center in Mableton, GA anchored by a 44,814 square foot Publix developed by Columbia and completed in December of 2004. Columbia selected this site because of the explosive residential growth that had occurred around it in the preceeding years including John Wieland's "Providence" subdivision. This growth had not been served by necessary retail services. Columbia was able to assemble a dozen separate parcels and overcome obstacles that included obtaining a new traffic signal from Georgia DOT, working around nearly 100,000 cubic yards of rock and a last minute march by the "Sons of the Confederate Soldiers" who wanted the site protected for its historical significance. Columbia completed deals at this center with Bank of America, Washington Mutual Bank, Wendy's, Hollywood Video, Primrose Schools, Shell Oil, EB Games, The UPS Store and Subway. The center was sold in a portfolio sale to M&J Wilkow in December of 2005 in a portfolio transaction.
Eckerd Peachtree City
Columbia developed this 13,813 square foot Eckerd Pharmacy in August of 2004. Eckerd was subsequently purchased by Rite-Aid. Columbia sold this asset to a private investor in December of 2004.
Varner Crossing is an 82,596 square foot center in Marietta, GA anchored by a 54,166 square foot Kroger developed by Columbia and completed in August of 2003. Columbia was able to rezone this property in a difficult "no-growth" area of West Cobb County, GA. Columbia closed on the land in 1998 in a transaction with Kroger structured to develop the site as a future development. Columbia sold Varner Crossing in October of 2005 to M&J Wilkow in a portfolio transaction - one of the largest Metro Atlanta retail transactions of 2005.
First Tuesday Mall is a 180,371 square foot shopping center which was acquired by Columbia and our investment partners in April of 2002. Soon after closing, Columbia was able to re-tenant two of the anchor spaces with Food Depot and Farmer's Home Furnishings. Columbia sold the center in early 2003.
Shallowford Crossing is a 63,754 square foot shopping center which Columbia originally developed as a Winn-Dixie anchored shopping center in 1982. The property was sold in the '80s and then subsequently reacquired by Columbia and our investment partners in January of 2002 nearly 20 years later. Columbia was able to re-tenant the vacant anchor space and sold the center once again later that year.
Wilshire Pavilion is a 77,484 square foot shopping center in Peachtree City, GA anchored by a 51,674 square foot Publix Supermarket developed by Columbia and completed in December of 2001. Publix endured a difficult zoning process at this site in a municipality that is renowned as the most difficult in the metropolitan Atlanta area. This site was selected by Columbia for its great location within the neighborhoods of Peachtree City, but also because of the long-range DOT plans to widen the roadway and re-align the intersection which would eventually create a great corner site. Publix agreed and took the site long before the 2010 road improvements eventually were completed. Publix enjoys great success at this location. Columbia sold this center in March of 2003 to a family trust. We helped in the budgeting, planning, layout & design, permitting, construction and subsequently in the leasing and management of this asset.
Everson Pointe is an 81,341 square foot center in Snellville, GA anchored by a 57,000 square foot Kroger developed by Columbia and completed in April of 1999. Columbia sold this center prior to commencement of construction on a pre-sale/earn-out to a German REIT. Columbia eventually leased the center to 100% and achieved its full earn-out.
Merganser Commons at Hills and Dales Farm Road

Previous Developments

Name of Center



Sq. Ft.

Major Tenants

Brownsville Square Paulding County 1997 65,266     Winn-Dixie Marketplace
Sudie Crossing Paulding County 1997 62,466     Winn-Dixie Marketplace
Vinings Court 26,300    
Hickory Grove Cherokee County 1997 65,266     Winn-Dixie Marketplace/Regions Bank
Stilesboro Oaks Acworth 1996 80,398     Kroger
Cedar Plaza Cedartown 1994 83,300     Kroger
Gainesville Marketfair Gainsville 1994 169,986     Kmart Super Store
Creekwood Village Clayton County 1990 69,778     Winn-Dixie Marketplace
Citizens Square Paulding County 1989 75,162     Winn-Dixie/Eckerd
Midway Village Douglas County 1989 73,328     Winn-Dixie Marketplace
Lilburn Exchange Lilburn 1988 140,000     Winn-Dixie Marketplace
Cedar Mountain Village Douglas County 1988 71,528     Winn-Dixie/Eckerd
Davis Mill Station Gwinnett County 1987 76,760     Winn-Dixie/Revco
Village at Powder Springs Marietta 1987 78,733     Kroger
Mountain East Stone Mountain 1986 84,508     Kroger
River Shoals Village Clayton County 1986 75,962     Winn-Dixie/Eckerd
Habersham Village Cornelia 1985 142,002     Kmart/Winn-Dixie/Revco
Cloverdale Village Florence, Alabama 1985 53,652     Winn-Dixie/Eckerd
Sweetwater Village Lithia Springs 1985 66,197     Winn-Dixie/Big B
Olde Mill Marietta 1985 84,900     Winn-Dixie Marketplace
Indian Village Gwinnett County 1984 71,856     Winn-Dixie
Millcreek Office Park Marietta 1984 16,000     Office
Rockbridge Place Dekalb County 1984 65,938     Winn-Dixie/Big B
Washington Square Gainsville 1984 63,361     Winn-Dixie/Big B
Bouldercrest Plaza Atlanta 1984 56,800     Food Giant/Treasury
Cambridge Square Atlanta 1984 65,100     Winn-Dixie/Treasury
Clayton Commons Clayton County 1983 65,000     Specialty Shops
Clower Plaza Snellville 1983 116,785     Winn-Dixie/Eckerd
College Square Gainsville 1983 56,652     Big Star/Dunaway
Columbia Square II Augusta 1983 29,333     ABC Twin Cinema
Shallowford Crossing Marietta 1982 63,754     Winn-Dixie/Revco
Cumberland Crossing Smyrna 1982 66,936     Big Star
Forest Park Forest Park 1982 81,800     A&P/Eckerd
Kaolin Plaza Sandersville 1982 70,430     Winn-Dixie/Revco
North Clayton Village Clayton County 1982 51,585     Winn-Dixie/Eckerd
Northgate Griffin 1981 59,800     Food Giant/Revco
North Hills Dalton 1981 49,420     Winn-Dixie/Revco
Riverdale Square Riverdale 1981 67,025     Food Giant/Revco
Riverview Plaza Clayton County 1980 30,000     7-11/Specialty Shops
Shannon Oaks Gwinnett County 1980 51,752     Winn-Dixie/Reed
The Corners II Marietta 1980 12,000     Specialty Shops
Village Oak Lithia Springs 1979 48,125     Winn-Dixie/Revco
West Ridge Atlanta 1979 44,950     Winn-Dixie/Revco
Yonah Village Cornelia 1978 45,847     Big Star/Eckerd
The Corners Marietta 1978 68,060     Food Giant/Eckerd
Columbia Square I Augusta 1973 111,670     Big Star/Treasury