ATLANTA (October 13, 2015) – SRS’ Southeast Investment Sales team, along with Lincoln Property Co., has brokered the sale of City Crossing in Warner Robins, Ga. City Crossing is a 298,933-square-foot regional power center anchored by The Home Depot, Ross Dress for Less, HomeGoods, Old Navy, Michaels, Books-A-Million and Shoe Carnival. The property is located at 2620 Watson Blvd., which is situated at the northeast corner of Watson Blvd. and Carl Vinson Pkwy. The seller, Wells Fargo, N.A., sold the property for $22.95 million on October 8, 2015.
“City Crossing represented a solid opportunity for a buyer to come in and build on an already strong regional power center,” said Pierce Mayson, vice president for SRS’ Southeast Investment Sales team. “Our team did a great job getting the opportunity out to the market, garnering offers from a plethora of investors, creating what was an extremely competitive bidding environment.”
Kyle Stonis, senior vice president, and Pierce Mayson, vice president, in the SRS Atlanta office, along with Tony Bartlett and Chip Sipple of Lincoln Property Co., represented the seller, Wells Fargo, N.A, in the transaction. The buyer was self-represented in this transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
About Dallas-based Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 128 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln’s operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets.
For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to www.lpcsoutheast.com/blog
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