Both centers are located in close proximity to a number of shopping centers already owned by the company. The properties are Promenade at Pleasant Hill in Duluth and the Center at Woodstock in Woodstock.
Pleasant Hill is a 291,127-sf sf community center located on the southwest corner of Pleasant Hill Road and Club Drive. In addition to a 66,000 sf Publix Supermarket, the center is anchoredby Old Time Pottery in 114,000 sf.
The Center at Woodstock is an 86,748-sf community center on Trickum Road at Highway 92. It is anchored by a 51,000-sf Publix Supermarket.
"These two shopping center acquisitions are outstanding additions to our portfolio and complement our Atlanta assets," says Dennis Gershenson, president and chief executive officer. "As with many of our acquisitions, both centers present value added opportunities."
The two additions bring RGPT's property total to 67shopping centers totaling approximately 14.1 million sf of gross leasable area.
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