The Palomar Team facilitated the sale of Rivergate Shopping Center, a 205,810sf Publix anchored shopping center located in Macon, GA. The center was 98% occupied at the time of the sale with Starbucks, Buffalo Wild Wings, IHOP, Planet Fitness, Steak ‘N Shake and others as co-tenants. The Team marketed the deal on behalf of the Seller, a public non-traded REIT. The Buyer was a publicly traded REIT.

 

PROPERTY HIGHLIGHTS:

• Built in 1989
• 205,810sf Publix Anchored Shopping Center
• Largest Grocery Anchored Center Sale in History of Macon, GA
• Macon, GA Market
• Attractive Health Ratio
• Eight Stand Alone Out Parcels with National Tenants
• Co-Tenants Included Buffalo Wild Wings, IHOP, Planet Fitness, Steak N Shake, Starbucks and more.
• 98% occupied at time of sale