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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Register Here×
Connect Now is less than one week away. Prices go up May 30.Reserve your seat today.×