CBL Properties Sells Shopping Center in Southeast Georgia for $21.5 Million

Statesboro Crossing is situated on approximately 50 acres and is home to tenants including TJ Maxx, Hobby Lobby, Books-A-Million, Petco, Hibbett Sports and Rack Room Shoes. Statesboro Crossing is situated on approximately 50 acres and is home to tenants including TJ Maxx, Hobby Lobby, Books-A-Million, Petco, Hibbett Sports and Rack Room Shoes.

Statesboro, Ga. — CBL Properties has sold Statesboro Crossing, a 155,185-square-foot retail center in the southeastern Georgia city of Statesboro, for $21.5 million.

A group of investors led by Morrison Investment Group LLC acquired the asset. Zach Taylor and Don McMinn of Marcus & Millichap represented CBL Properties in the transaction. Located a little less than two miles from Georgia Southern University, Statesboro Crossing is situated on approximately 50 acres and is home to tenants including TJ Maxx, Hobby Lobby, Books-A-Million, Petco, Hibbett Sports and Rack Room Shoes.

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