April 8, 2020
Ackerman Retail Completes Land Transactions for Popeyes Expansion in South Georgia
Vice President Stephen Lapierre represents developer Verdad Real Estate in acquisition
of properties for two Popeyes restaurants.
ATLANTA, April 8, 2020 – Ackerman Retail, a division of Atlanta-based commercial real estate services firm Ackerman & Co., has completed the acquisition of land parcels in Southeast Georgia on behalf of Verdad Real Estate Inc. for the construction of two Popeyes restaurants.
Vice President of Retail Services Stephen Lapierre represented the full-service real estate developer in the acquisition of .95 acres at 4818 Augusta Road in Garden City and a 1.05-acre parcel at 68 W. Coffee Street in Hazlehurst. Each parcel is the site of a 2,265-square-foot Popeyes restaurant.
“We’re excited to complete the acquisition of these two properties to accommodate the development of Popeyes restaurants, one of the fastest-growing global quick-service brands,” said Lapierre. “We look forward to continuing our partnership with Verdad Real Estate to assist them in their ongoing development and the programmatic expansion of this popular restaurant chain.”
Lapierre is also in the process of brokering the acquisition of a third site, in Savannah, for another Popeyes restaurant to be developed by Verdad Real Estate.
“Stephen is playing an important role in the growth of our site selection and acquisition services as he helps a growing roster of clients achieve their development goals in Atlanta and across Georgia,” said Leo Wiener, President of Ackerman Retail.
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 35 million square feet of office, medical, industrial, retail and mixed-use space, has 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion.
Ackerman Retail, a division of Ackerman & Co., offers a best-in-class services platform, delivering solid results for local and multi-market clients across the Southeast. To date, Ackerman Retail has completed more than 10 million square feet of transactions valued at $1.7 billion. For more information, visit www.ackermanco.com