Acworth, Ga. and Gallatin, Tenn. — Preferred Apartment Communities (PAC) has acquired two grocery-anchored shopping centers totaling 139,000 square feet in Acworth and Gallatin.
PAC acquired the assets through its wholly owned subsidiary, New Market Properties. The name of the seller and sales price were not disclosed. In Acworth, PAC acquired Governors Towne Square. The center is located roughly 32 miles northwest of Atlanta. In Gallatin, a suburb located 30 miles northeast of Nashville, PAC acquired Greensboro Village. Publix anchors both shopping centers.