Friday, October 5, 2012

HFF closes $19.5 million sale of Richmond Plaza in Augusta, GA

Richmond Plaza, August, GA
 ATLANTA, GA – HFF announced today that it has closed the sale of Richmond Plaza, a 178,167-square-foot, grocery-anchored shopping center in Augusta, Georgia.

                HFF exclusively represented the seller, an affiliate of BPG Properties, Ltd. in the sale of the property to Phillips Edison-ARC Shopping Center REIT Inc.  The purchase price was $19.5 million.

                Richmond Plaza is located at 3435 Wrightsboro Road across from Augusta Mall at the intersection of Interstate 520 and Wrightsboro Road.  Originally built in 1979, the property was most recently renovated in 2008 and is 93.5 percent leased to Kroger (anchor tenant), JoAnn Fabric and Harbor Freight Tools.

                The HFF team representing the seller was led by managing directors Jim Hamilton and Richard Reid.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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