JLL Capital Markets arranges $21.2M sale of Dahlonega Village

• JLL arranges the sale of Dahlonega Village, a newly constructed grocery-anchored retail center in Dahlonega, Georgia.

• JLL represented Watkins Real Estate Group in the sale of the fully leased property to a private buyer represented by Austin Sumner Properties.

• The transaction underscores continued investor demand for grocery-anchored retail assets with long-term leases, minimal nearby competition and exposure to affluent, expanding submarkets.

ATLANTA, Nov. 3, 2026 – JLL Capital Markets announced today that it has arranged the $21.2 million sale of Dahlonega Village, a 65,242-square-foot, Publix-anchored retail center located at 23 Maxwell Lane in Dahlonega, Georgia, within the Atlanta metropolitan statistical area.

JLL represented the seller, Watkins Real Estate Group, in the transaction. Austin Sumner Properties represented the private buyer who acquired the asset.

Built in 2024 on approximately 13.4 acres, Dahlonega Village is 100% leased and anchored by Publix, which occupies the majority of the center's gross leasable area under a lease with more than 19 years of term remaining. The shop space is fully service-oriented and includes Great Clips, UPS, Lifestyle Nail Bar, Spice Wing, Jersey Mike's Subs, Tropical Smoothie Café, Rachel Remington Design, Itala Pizza and Hacienda Bar & Grill.

Dahlonega Village benefits from direct access to GA-400, which carries more than 40,000 vehicles per day, providing super-regional connectivity for shoppers traveling from throughout the North Georgia mountains. The property serves as the only grocery-anchored center within a 5-mile radius, with the closest competing Publix or Kroger location situated more than 60 miles to the north. The center also sits near Lake Lanier, a regional recreational destination that draws millions of annual visitors to the broader trade area.

The surrounding submarket continues to post strong demographic growth. More than 198,000 residents live within a 15-minute drive of the property, a population expected to grow further by 2030, with average household incomes in the area exceeding $114,000. Dahlonega has also benefited from the presence of the University of North Georgia's main campus, which enrolls more than 7,200 students, and sits within the broader Atlanta MSA, home to more than 6.2 million residents and 16 Fortune 500 company headquarters. Atlanta ranks among the largest and fastest-growing metropolitan areas in the country, supporting sustained population and employment growth across its submarkets.

The JLL Capital Markets team was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Senior Analyst Charlie Merrigan.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of approximately 112,000 as of September 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com. 

Watkins Real Estate Group is an Atlanta-based real estate development and investment firm specializing in grocery-anchored retail centers, multifamily communities, and other commercial properties throughout the Southeast. With a track record spanning over four decades, Watkins is known for delivering high-quality, market-responsive developments that create lasting value for communities, tenants, and investors.

Founded in 1984 and headquartered in Athens, Georgia, Austin Sumner Properties is a full-service commercial real estate firm specializing in brokerage, property management, and development. The firm has completed more than $1.5 billion in sales volume since 2016 and manages approximately 3 million square feet of real estate, with a portfolio that is 99.5% leased. Serving clients across Georgia, South Carolina, North Carolina, Tennessee, Florida, and Alabama, Austin Sumner Properties pairs four decades of local market expertise with a hands-on, partnership-driven approach for investors, family offices, developers, and property owners.