NewBridge Retail Advisors recently announced the sale of 142,468-square-foot Gainesville Towne Center in Gainesville, Ga., located 60 miles north of Atlanta.
The value of the transaction was not disclosed.
NewBridge represented Kimco Realty Corp. in the transaction, which sold the property to a U.S. subsidiary of Sterling CentreCorp Inc.
Gainesville Towne Center is an Office Depot- and Big Lots-anchored community center located along Browns Bridge Road (Hwy. 369), a major thoroughfare for the city of Gainesville.