For more retail coverage, click GlobeSt.com/RETAIL.
ATLANTA-Santa Monica, CA-based Watt Commercial Properties Inc.has made its debut on the Southeast retail investment scene withthe 691,000-sf purchase of three power centers in and around themetro area from Jamestown Properties, a local investment andsyndications firm representing a consortium of German investorsbased in Munich and Cologne.
Watt CEO Jim Maginn did not disclose the purchase price,occupancy or age of the properties in a prepared statement. Butarea retail brokers in a position to know who follow Jamestown'sportfolio tell GlobeSt.com the sales price was an average $150 persf or a total $103 million, one of the biggest retail deals of itskind this year in the Southeast, according to GlobeSt.comresearch.
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