Selig Enterprises Acquires Lenox Marketplace
Wednesday, April 7th, 2021
Selig Enterprises, one of the largest privately-owned real estate companies in the Southeast, today announced the acquisition of Lenox Marketplace, a 421,000-square-foot retail center in the heart of Buckhead, alongside its partner the State Teachers Retirement System of Ohio. Selig will oversee leasing at the center and will serve as the asset and property manager.
“Since my grandfather started the company more than 100 years ago, Selig has been known to make strategic acquisitions and hold properties for the long-term,” Steve Selig, Chairman and CEO of Selig Enterprises. “We’re optimistic of the continued improvement of the retail landscape shown through our acquisition of Lenox Marketplace. This property sits in one of the most highly-trafficked retail districts in Buckhead and the broader Southeast and is an ideal addition to our existing portfolio. We welcome the opportunity to enhance this asset in order to attract the right tenants that best serve this community.”
Located at the intersection of Peachtree and Wieuca Road across the street from Phipps Plaza and one block from Lenox Square Mall, and adjacent to Selig’s Buckhead Triangle property, Lenox Marketplace spans 9.4-acres with a mix of retail and dining options. The multi-level retail center is anchored by Publix, Target, Dick’s Sporting Goods and LA Fitness, with additional tenants such as Ethan Allen, Roam and Iron Hill Brewery and Restaurant.
With the addition of Lenox Marketplace, Selig’s retail portfolio spans almost 4 million square feet across the southeast, with key centers in the Buckhead market, including Buckhead Triangle, Brookwood Place, Buckhead Square I and II, The Shops of Buckhead, Buckhead Commons and Peachtree Plaza. Selig is currently exploring a capital improvement plan to reposition the asset to further attract a diverse mix of retail tenants.
For more information on Selig, visit http://www.seligenterprises.com/.