|
Last Updated ( Monday, 09 April 2012 15:48 )
|
|
DATE_FORMAT_LC2=Monday,April 09 2012 12:00:00 am EDT
|
|
|
Michigan Company Buys Georgia Neighborhood Center
|
|
The Shops at Jasper are located at 934 E. Church St. in Jasper, Ga.Jasper, Ga. — Marcus & Millichap has brokered the sale of the Shops at Jasper, a 61,549-square-foot shopping center anchored by a 14,358-square-foot Save-A-Lot and a 15,000-square-foot Beall's Department Store.
Tim Giambrone, Vice President of Investments and Director of Marcus & Millichap's National Retail Group in Atlanta, represented the seller, a private company out of Ann Arbor, Mich. The buyer was a private investor from California.
The center was built in 2006 and is 93 percent leased. The 10-mile trade area includes approximately 40,000 people with an average household income of more than $63,000.
|