GEORGIA SHOPPING CENTER SELLS FOR $23 MILLION

by admin

FAYETTEVILLE, GA. — Morristown, N.J.-based Lamar Companies has acquired Banks Crossing Shopping Center, a 256,930-square-foot property in Fayetteville, from Birmingham, Ala.-based AIG Baker, for $23 million. Tenants include Kroger, JC Penney, Guitar Center and Farmer’s Home Furniture. Joe Montgomery and Tony D’Ambrosio of Colliers Spectrum Cauble’s Atlanta office represented the buyer in the transaction.

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