Branch Properties Acquires $40M in Retail in One Week
ATLANTA—Branch Properties is closing out the year with heavy deal flow. The Atlanta-based real estate investment firm just acquired two notable retail assets in an eight-day span. Specifically, Branch snapped up City Walk in Sandy Springs, TN for $24.53 million,nearly half of its 2007 sale price, in a special servicer-managed REO sale. Branch also acquired the shadow retail portion of Merchant's Festival in East Cobb from Target Corporation for $13.17 million.
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