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ATLANTA-Los Angeles-based SCI Real Estate Investments has acquired three retail properties with a total of 257,500 sf in the Greater Atlanta area. The centers are in Stone Mountain, Lawrenceville and Canton.

The properties acquired include the 102,000-sf Rockbridge Village at 1227 Rockbridge Rd. in Stone Mountain. Built in 2005, tenants in the center include Kroger, Cingular Wireless, H&R Block and Subway. Also acquired was the 147,000-sf Village Shoppes of Sugarloaf at 3370 Sugarloaf Parkway in Lawrenceville. Built in 2003, the center is 94% leased with tenants including Publix, Washington Mutual, Hollywood Video and Fantastic Sams. The 85,000-sf Woodmont Village at 8020 Cumming Way in Canton was acquired. Built in 2002, tenants include Kroger, UPS Store, Allstate Insurance, Subway, Fantastic Sams and H&R Block. The acquisition prices were not released.

SCI was represented by SCI chief acquisitions officer Scott Derrick. CB Richard Ellis represented Maxwell Properties in the disposition of Rockbridge Village and Woodmont Village. Eric Zimmerman, of Eastdil Secured, represented Weingarten Realty in the sale of Village Shoppes of Sugarloaf.

“Neighborhoods within the Atlanta market are growing rapidly,” Derrick says. “This growth is creating an excellent opportunity for investors because the rising population supports the need for these retail centers.”

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