ATLANTA (Aug. 18, 2011) – Carter just completed brokering the sale of LaGrange Plaza in LaGrange, Ga., for just over $8 million.
The 112,000-square-foot shopping center, anchored by Publix, is located in the heart of LaGrange in west Georgia. 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.