(For more retail coverage, click GlobeSt.com/RETAIL.)
DECATUR, GA-Chapel Hill Commons, a 108,100-sf neighborhoodshopping center in this Atlanta suburb, has been acquired by SanDiego-based Sabatini Atlanta Enterprises Inc. for $18 million. Thefive-year-old retail property traded for $166.51 per sf.
Broker Bill Hain of Venture West Funding of El Segundo, CAarranged $14 million in acquisition financing with New York-basedBear Stearns for the 100%-leased, 24-tenant property at 4919 FlatShoals Parkway. The 10-year loan is being amortized over 30years.
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