Equity One chairman and CEO Chaim Katzman says the REIT hassigned a long-term lease with Lakeland, FL-based Publix SuperMarkets Inc. for a 44,840-sf store to be built in the 650-acreWestridge master-planned community on GA 20, west of McDonough. ThePublix lease is the 42nd leasing contract in Equity One'sportfolio.
The REIT is negotiating with other tenants to fill the center.The first 70,000-sf phase of the center is tentatively scheduledfor completion in early 2005.
Equity One is scouting Georgia and the Southeast forrevenue-generating neighborhood shopping centers, company chairmanand CEO Chaim Katzman said after acquiring the 95,597-sf ButlerCreek center in July in Acworth, GA. Equity paid a premium $12.1million, or about $126.57 per sf, for the 13-year-old Butler Creek,as GlobeSt.com previously reported.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
