Atlanta real estate firm buys historic Marietta properties and food hall
Bridger, which made the acquisition through a joint venture with Chicago-based Northpond Partners, also now owns a pedestrian bridge and parking lot north of the food hall. Wharton Management sold the property on behalf of its longtime owners, the Eubanks family, on January 21.
Merritt Lancaster, who is also co-founder and director of Bridger, said his company purchased the building for the popular food hall but did not acquire the operations. Marietta Square Market, which opened in 2019, is the city’s answer to popular food halls in the Atlanta area, such as Krog Street Market and Ponce City Market.
“The food hall is really great and very active,” Lancaster said. “You really go there any day of the week and there are a lot of people there.”
Bridger, who owns and operates more than 50 properties in northern Georgia, is optimistic about the continued growth of suburban Atlanta, Lancaster said. He said the COVID-19 pandemic, which has reduced the time many workers spend in an office, has led to more suburban residents working and shopping closer to home.
“If you spend more time at home, you generally spend more time in your immediate market,” Lancaster said. “…what we’ll continue to see is increased demand in immediate markets where there’s strong demographics and kind of a good core. Marietta is really falling into that.