REBusinessOnline

COLLIERS SPECTRUM CAUBLE BROKERS $21 MILLION SALE OF TWO RETAIL CENTERS

FORT OGLETHORPE AND DALLAS, GA. — Joe Montgomery and Tony D’Ambrosio of Colliers Spectrum Cauble have completed the disposition of two retail centers in two separate transactions. The company represented the seller, AIG Baker, in the $12.5 million sale of Battlefield Centre, a 214,889-square-foot shopping center located in Fort Oglethorpe, to an undisclosed private investor. Developed in 1991 and currently 93 percent leased, the center is anchored by Bi-Lo Supermarket, Tractor Supply and Hamricks Department store. Additionally, the company represented a private investor in the $8.25 million sale of Merchants Square, a 107,050-square-foot shopping center located in Dallas, to an undisclosed buyer. Fully renovated in 1997, the 100-percent occupied property is anchored by Ingles Supermarkets and Big Lots.

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‣ Lee & Associates
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