ATLANTA-Cole Real Estate Investments snapped upCamp Creek Marketplace, a regional power center in East Point, GAfor $76.3 million. The class A, 425,000-square-foot shopping mallis 93% occupied.
Thomas Falatko, vice president of acquisitions,represented Cole. Eric Zimmerman and MilesTheodore of Eastdil Secured representedthe undisclosed seller.
“This asset was broadly marketed and it garnered a lot ofinterest,” Falatko tells GlobeSt.com. “It’s a very dense tradearea. There’s really no other dominant retail property within 15miles. That’s what attracted us and other investors. Propertiesthat are classified as strong A core type properties are attractingstrong investor interest. It’s a flight to quality.”
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