BridgePointe Advisors negotiated the sale of two shopping centers totaling more than 150,000 square feet in Alabama and Georgia.
The sales prices of the transactions were not disclosed.
The first deal, Three Notch Plaza, is a 45,899-square-foot property located in Andalusia, Ala. Anchored by Winn Dixie and Burkes Outlet, the center, built in 1983, was fully occupied at the time of sale.
The second property, Marketplace of Moultrie, is a 104,413-square-foot retail center located in Moultrie, Ga. Built in 1989, the center was 87 percent occupied at the time of sale and anchored by Winn Dixie, Moore’s and Cato.
Victory Investments Inc., a Georgia private investment group seeking to redeploy capital in its portfolio, sold both properties. The buyer for Three Notch Plaza was a private investor from Houston; a private investment group from Florida acquired Marketplace of Moultrie.