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HOLLY SPRINGS, GA. — Colliers International has arranged the $8.8 million sale of the 128,667-square-foot Village Shoppes at East Cherokee, located on Old Highway 5 in Holly Springs. Publix anchors the center, which went into foreclosure in September 2010. Joe Montgomery and Tony D'Ambrosio of Colliers International's Shopping Center Investment Sales Team in Atlanta represented the undisclosed seller. The buyer was a locally-based private equity group.