ABERCORN COMMON SELLS THROUGH AUCTION IN SAVANNAH, GA.

by admin

SAVANNAH, GA. — The 185,244-square-foot Abercorn Common, a community
shopping center located adjacent to Oglethorpe Mall in Savannah, has traded through
Auction.com. It is 96 percent leased to tenants including HomeGoods, Michaels, Office
Depot, Party City, ULTA, Ashley Furniture, McDonald’s, Firehouse Subs and Panera
Bread. A special purpose entity controlled by LNR Partners LLC served as special
servicer and the buyer was a private investor from Savannah. Mark Gilbert, Adam
Feinstein and Gary Saykaly of Cushman & Wakefield Retail Investment Advisors acted
on behalf of the seller.

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