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This Week’s Atlanta Deal Sheet: The Shopping Center Group Buys D.C.-Based Brokerage

AtlantaDeal Sheet
August 6, 2023 Jarred Schenke, Bisnow Atlanta 

A prominent Atlanta retail brokerage firm is expanding its presence in the mid-Atlantic with the acquisition of Rosenthal Properties in Metropolitan Washington, D.C.

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Courtesy of The Shopping Center Group
The Stonehenge Village Center in Richmond, Virginia, one of the more than 80 retail centers leased and managed by Rosenthal Properties.

The Shopping Center Group combined with Rosenthal, a 65-person brokerage house that manages more than 7M SF of retail in D.C., Virginia and Maryland, including the construction and management of industrial, retail and office properties. Terms of the deal weren’t disclosed, but a spokesperson said Rosenthal will operate under the TSCG banner moving forward.

TSCG has expanded organically and through acquisitions in recent years, co-CEO Sam Latone said in a press release. In 2022, the Atlanta-based brokerage, which leases more than 57M SF and employs more than 250 people, purchased Southeast Retail Group in Florida.

With the acquisition of Rosenthal, TSCG now has East Coast coverage from New York to Miami.

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