Ackerman & Co. Completes Lease with Godavari Indian Restaurant for First Metro Atlanta Location
Troy Morris represents Godavari as it expands into Georgia with lease signing at Windward Promenade in Alpharetta
Atlanta, May 17, 2016 – Ackerman & Co. recently completed a five-year, 5,136-square-foot lease with Godavari, a national restaurant chain specializing in South Indian cuisine, at Windward Promenade in Alpharetta, Ga. Godavari is the first Georgia location for the restaurant chain, which currently has 14 restaurants across the U.S.
Troy Morris, brokerage associate at Ackerman & Co., assisted Godavari in selecting Windward Promenade as the site for its initial metro Atlanta restaurant and represented the franchise in the lease transaction. Sam Krueger of Riverwood Properties LLC represented the landlord (Riverwood Properties).
“This is an excellent, high-visibility location for Godavari’s first restaurant in metro Atlanta,” said Morris. “The restaurant will benefit from its proximity to numerous office buildings and retailers, and will also attract customers from the affluent residential neighborhoods in and around Alpharetta, which includes a heavy Indian population.”
Godavari benefits from its prominent corner unit in the 48,185-square-foot Windward Promenade shopping center and the city of Alpharetta’s overall demographics. Located on Georgia Highway 9 (North Main Street), the shopping center provides direct access to Windward Parkway, one of the busiest commercial thoroughfares in the Alpharetta/North Fulton submarket. As one of the fastest growing cities in the U.S. and a major employment center, Alpharetta’s population swells from 63,038 (2014 Census estimate) to more than 100,000 during the work day.
Godavari is also surrounded by big-box retailers such as The Home Depot, Kroger, Walmart, Costco and Lowe’s, and hotels including the Atlanta Marriott Alpharetta, Hyatt Place and Hilton Garden Inn.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired nearly 35 million square feet of office, medical, industrial, retail and mixed-use space, has more than 7 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information on Ackerman & Co., visit www.ackermanco.com