{"id":1004339042,"date":"2019-07-17T08:03:10","date_gmt":"2019-07-17T16:03:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004339042"},"modified":"2019-07-17T08:03:10","modified_gmt":"2019-07-17T16:03:10","slug":"ga-shopping-center-trades-for-24m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ga-shopping-center-trades-for-24m\/","title":{"rendered":"GA Shopping Center Trades for $24M"},"content":{"rendered":"
\"Oglethorpe<\/a>

Oglethorpe Square. Image via Google Street View<\/em><\/p><\/div>\n

Hutton has sold Oglethorpe Square, a 159,329-square-foot <\/strong>shopping center <\/strong>in Hinesville, Ga. A private investment group bought the retail asset for $24.2 million. According to Rebusiness Online<\/em><\/a>, the sale was also subject to a 10-year, $17.1 million acquisition loan originated by Goldman Sachs and secured by Cohen Financial. Newmark Knight Frank represented the seller in the deal.<\/p>\n

Located at 863 W. Oglethorpe Highway, the shopping center is close to Interstate 85 and 43 miles from downtown Savannah, near the Walmart Supercenter. Fort Stewart, the largest U.S. Army post east of the Mississippi River, with a full-time population of more than 12,000 people, is 4.4 miles north of the property.<\/p>\n

Built in 2017 on an 18.5-acre site, Oglethorpe Square is anchored by T.J. Maxx, Hobby Lobby, Dick\u2019s Sporting Goods, ULTA and PetSmart. The property is currently fully leased, with other tenants including Five Below, Great Clips, Longhorn Steakhouse and Starbucks. <\/p>\n

NKF Senior Managing Directors Drew Fleming and Mark Joines, together with Associate Henry Kushner, represented the seller in the transaction.<\/p>\n

In March, a NKF team assisted CIM in the disposition of a 427,800-square-foot shopping center<\/a> in Riverdale, Utah. The retail asset, which was 97 percent occupied upon closing, traded for $48.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 159,329-square-foot shopping center is currently fully leased, with T.J. Maxx, Hobby Lobby, Dick\u2019s Sporting Goods, ULTA and PetSmart as anchors. Newmark Knight Frank represented the seller in the deal.<\/p>\n","protected":false},"author":870,"featured_media":1004339045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,21749],"tags":[34274,46364,33435,38970,46367,36007],"class_list":["post-1004339042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-retail","tag-cohen-financial","tag-drew-fleming","tag-goldman-sachs","tag-hutton-companies","tag-mark-joines","tag-newmark-knight-frank"],"acf":[],"yoast_head":"\nGA Shopping Center Trades for $24M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ga-shopping-center-trades-for-24m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GA Shopping Center Trades for $24M\" \/>\n<meta property=\"og:description\" content=\"The 159,329-square-foot shopping center is currently fully leased, with T.J. 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