ATLANTA, GA (Aug. 17, 2011) - Carter, one of the country's leading commercial real estate advisors, service providers and investors announced today it brokered the sale of LaGrange Plaza (top left photo) for just over $8 million.
The 112,000-square-foot shopping center, anchored by Publix, is located in the heart of LaGrange, Ga. Other tenants include Dollar Tree, Goodwill, Hallmark, Hibbet Sports and T-Mobile. The shopping center is 100 percent leased.
Drew Fleming and Mark Joines, Vice Presidents of Carter's Retail Investment Sales Group, represented the seller, a privately-owned entity. The buyer is a private equity group based in Atlanta.
"This is the second shopping center we have brokered this month," said Fleming. "In today's economic climate we are experiencing a flight to quality more than ever. Investors are looking for centers anchored by investment-grade tenants such as Publix."
Earlier this month Carter brokered the sale of a Kohl's/Hobby Lobby anchored center in the Charlotte suburb of Rock Hill, S.C. for close to $12.5 million.
For additional information on Carter, please visit www.carterusa.com.
Contact:
Laura Dudebout
O: 404.965.5023
C: 678.642.4301
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