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| Chip Sipple |
ATLANTA, GA – Lincoln
Property Company Southeast (Lincoln) has secured an assignment to manage Pleasant Hill Square. The regional power
center was built in 1997 and is located at 2205 Pleasant Hill Road in Duluth,
Georgia, within the Gwinnett Place CID.
“Our successful management
of Pleasant Hill Square led to the former owner getting a premium price when it
sold recently,” said Shane Froman of
Lincoln.
“The new owner, GW Real Estate of Georgia LLC, saw the value we were
able to add as the property manager, which led to our retention of management
services post-sale.”
Pleasant Hill Square
includes an advantageous line-up of national anchors including Toys ‘R’ Us,
Staples and Jo-Ann Fabric & Craft Stores with 86 percent of the current
tenant roster featuring national and regional tenants.
The property is located in the second-most
populous county in Georgia, and is positioned directly on Pleasant Hill Road
with great visibility to over 50,000 cars per day.
The property recently sold
on Auction.com for $16.4 million. Tony
Bartlett and Chip Sipple of Lincoln and Kyle Stonis and Pierce Mayson of SRS represented the seller in the
transaction.
For a
complete copy of the company’s news release, please contact:
Savannah Durban
The Wilbert Group
404-343-0870
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