ATLANTA (January 30, 2015) – SRS announced that the Southeast Investment Sales team in Atlanta successfully executed three retail sales transactions in December of 2014, totaling more than 338,150 square feet of retail real estate. The sales were completed throughout the southeast in North Carolina, South Carolina and Mississippi and included major tenants such as Staples, Goodwill, Dollar Tree, Badcock Home Furniture & More, Big Lots, Burlington Coat Factory, Old Time Pottery, Kroger and more.
Kyle Stonis and Pierce Mayson of the SRS Southeast Investment Sales team represented Phillips Edison & Company in the sale of Fashion Place Shopping Center, a community center consisting of approximately 147,406-square-feet in Columbia, S. C. The property, which is located at 2720 Decker Blvd., was sold to JBL Management on December 26, 2014. The shopping center is anchored by Staples, Goodwill, Dollar Tree, It’s Fashion Metro and Badcock Home Furniture & More. The selling price of the property was undisclosed and the buyer did not have representation in the transaction.
RCG Ventures Fund I, LP sold Meadow Greens, a 136,927- square-foot grocery-anchored center, in Eden, N.C. The property is located at 640 South Van Buren Road, which is situated at the southeast corner of the intersection of West Kings Highway and South Van Buren Road. The property, which is anchored by Save-A-Lot, Hibbett Sports, Aaron’s, and It’s Fashion Metro, sold for $6.15 million. The seller, RCG Ventures, sold the property to EH Scott, LLC on December 17, 2014. Kyle Stonis, senior vice president, and Pierce Mayson, vice president, in the SRS Atlanta office represented the seller, RCG Ventures, in the transaction. EH Scott, LLC, the buyer, was represented by Scott Ross with Coastal Equities.
Stonis and Mayson also sold a 54,981-square-foot property in Greenville, Miss., which is anchored by Kroger. The property, which was sold on December 21, 2014, is located at 2135 Highway 82 East; which is situated just east of the intersection of South Raceway Road and Interstate Highway 82. Stonis and Mayson in the SRS Atlanta office represented the seller in the transaction. The buyer did not have broker representation 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.
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