Ardent Announces Sprouts Farmers Market for Crossroads Shopping Center in Savannah

Submitted by the Ardent Companies

May 15, 2026 – The Ardent Companies (Ardent), a privately held real estate firm based in Atlanta, today announces Sprouts Farmers Market has signed a lease for Crossroads Shopping Center, a 92,000-square-foot neighborhood retail center in Savannah, Georgia. The lease comes as part of Ardent’s plans to reposition the center into a vibrant shopping destination.

Sprouts Farmers Market, one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States, will open in a new retail space at Crossroads Shopping Center in 2027, marking the grocer’s first-ever Savannah location. By leveraging its in-house expertise, Ardent will revitalize the center, including repositioning approximately 28,000 square feet to make way for Sprouts and another new retail suite. In addition to refreshing the retail mix, Ardent will complete exterior renovations to the center. Demolition is expected to begin this summer.

“This is a well-located retail asset in one of the Southeast’s fastest-growing markets,” Scott Werbel, Partner at Ardent. “The addition of Sprouts brings a high-quality grocery anchor to the center that aligns with the retail needs of the surrounding area. We see a significant opportunity to reposition the center into a more dynamic neighborhood destination that drives traffic and creates value for the community.”

Demand for retail space in Savannah is high, with vacancy at just 4.4%. In addition, there continues to be significant growth in the grocery-anchored retail sector. According to JLL data, 54% of new grocery store openings in 2025 were in the southeast. 31% of Americans now shop for groceries multiple times per week, which drives additional foot traffic to neighborhood retail centers’ surrounding tenants.

Past coverage – Grocery Store Planned for Crossroads Shopping Center, former Savannah Children’s Theatre Space – Savannah Agenda

“The fundamentals for grocery-anchored retail in Savannah are particularly compelling,” said Jay Douglas, Managing Director for Ardent. “Consumers are increasingly gravitating toward convenience-driven shopping destinations, and Sprouts brings an exciting new offering to the market. We look forward to revitalizing the property into a shopping center with a dynamic retail mix and an engaging customer experience.”

Crossroads Shopping Center is strategically located along two major thoroughfares, East Victory Drive and Truman Parkway. There are over 126,994 consumers within a five-mile radius. Chatham County continues to see strong population and economic growth, with major drivers including Savannah College of Art & Design (SCAD), the Port of Savannah, manufacturing and the entertainment industry.

Ardent has a proven track record of deploying creative solutions to revitalize distressed assets. Over the past twelve-plus months, Ardent has acquired more than $115 million in six ground-up mixed-use development and redevelopment projects across the Southeast. Its current pipeline includes Perimeter Pointe in Atlanta, Westside Bottling in Durham, N.C., Liberty Yards in Largo, Florida and Seminole Towne Center in Sanford, Florida.

To learn more about Ardent, visit theardentcompanies.com.

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The Ardent Companies

The Ardent Companies operates as a privately held real estate firm focused on opportunistic and diversified investment strategies. With significant industry experience and a demonstrated track record, Ardent leverages its established relationships and capital flexibility to attain a diverse set of risk-adjusted investments. The firm pursues opportunities with an innovative and disciplined approach, making material investments together with our limited partners for maximum alignment. As the firm continues to build upon its infrastructure, portfolio, and footprint, Ardent is committed to creating a positive impact on its employees, investors, and communities. Founded in 2012, Ardent has invested over $5.5 billion with over $3 billion in

assets currently under management. Ardent’s investment strategies extend across US state lines and country borders, with a current presence in 40 states and three countries. As Ardent expands upon its geographic footprint, the firm continues to grow its employee base with team members based in Atlanta, Charlotte, Miami, Los Angeles, Chicago, and New York City as well as in London, UK.

About Sprouts Farmers Market, Inc.

Sprouts Farmers Market is one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States. Sprouts helps people live and eat better with fresh produce at the heart of the store and delicious discoveries for every dietary lifestyle. Always foraging for what’s fresh and innovative, Sprouts offers a carefully curated assortment of products that inspire wellness naturally, including organic, gluten-free, plant-based and non-GMO favorites. Headquartered in Phoenix, AZ, Sprouts employs approximately 36,000 team members and operates more than 480 stores in 25 states nationwide. To learn more about Sprouts and the role it plays in its communities, visit Sprouts.com/about.

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