"Summit is located in a high-traffic retail district and we arepleased to expand our portfolio to the Macon area," says AshishDua, Time Equities acquisition director. Dua and Jeff Rosenblum,also acquisition director at Time Equities, repped the company.Drew Fleming, of Alpharetta-based Shane Investment Property GroupLLC, represented the seller.
The shopping center is 94% occupied and currently has 6,450 sfavailable for lease. Tenants include Big Lots, Olive Garden andHancock Fabrics. Rents range from $12 to $15 per sf NNN.
The Colonial Mall is one of Georgia's largest enclosed shoppingmalls and is anchored by Belk Matthews, Rich's, J.C. Penney, Sears,Parisian, and Dillard's. It features more than 200 specialty shops,30 eateries in the food court, and a family entertainmentcenter.
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