Retail developer dumps 6 properties

Portfolio anchored by Publix stores

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Hawthorne, N.Y.-based GDC Properties Inc. has acquired a portfolio of six shopping centers throughout the Atlanta metro area from Watkins Retail Group, an area shopping center developer. The total value of the portfolio was not disclosed. The shopping centers in the portfolio are anchored by Publix Super Markets, a chain that holds a dominant share of the Southeast grocery market category, according to a press statement. All six centers were well-occupied at the time of sale, including two at 100 percent, and are located in affluent or up-and-coming suburban areas. They feature long-term leases with Publix and are in locations that offer excellent visibility and curb appeal. The six shopping centers include: Dacula Village, 76,326 square feet of building area, 96 percent occupied and tenanted by Blockbuster, Subway, Great Clips, State Farm Insurance and others. The anchor tenant, Publix, has a remaining lease term of 17 years. Towler Village, 7,000 square feet of leased space, ap...