VILLAGE SHOPPES OF FLOWERY BRANCH SELLS FOR $13.7M

FLOWERY BRANCH, GA. — Kimco Realty Corp. has acquired the 92,985-square-foot, Publix-anchored Village Shoppes of Flowery Branch from institutional investors advised by J.P. Morgan Asset Management — Global Real Assets for $13.7 million. Located at 5900 Spout Springs Rd. in Flowery Branch, close to the Interstate 985/Spout Springs Road interchange, the shopping center is 92 percent leased. It was built in 2002. Richard Reid and Jim Hamilton of HFF represented the seller.