RCG Ventures Sells Five Retail Centers Across Southeast, Acquires Center in Idaho

RCG Ventures sold five shopping centers located throughout Florida, Georgia, Tennessee and Alabama. The centers house tenants such as Hobby Lobby, Havertys and Ollie’s Bargain Outlet. RCG Ventures sold five shopping centers located throughout Florida, Georgia, Tennessee and Alabama. The centers house tenants such as Hobby Lobby, Havertys and Ollie’s Bargain Outlet.

Atlanta — Atlanta-based RCG Ventures has sold five retail centers across the Southeast and acquired an asset in Idaho.

In Zephyrhills, Florida, the company sold Merchant’s Square. The 74,837-square-foot center is home to tenants including Hobby Lobby, Bealls Outlet and Tractor Supply Co. Brad Peterson and Whitaker Leonhardt of HFF arranged the transaction on behalf of RCG. In January, the company sold a two-tenant portion of Riverside Centre in St. Augustine, Florida, for $6.7 million. In addition, RCG sold Tower Plaza, an 89,880-square-foot center in Carrollton, Georgia, a western suburb of Atlanta. Joseph Montgomery and Tony D’Ambrosio of Colliers International represented RCG in the sale of the center, which is home to tenants including Ollie’s Bargain Outlet and Badcock Furniture. In Huntsville, Alabama, the company sold the 99,108-square-foot Madison Plaza, home to Stars & Strikes and Havertys. The center is located across from MidCity, a mixed-use project currently under construction. Kyle Matthews, Scott Henard and Jordan Powell of Matthews Retail Advisors represented RCG. At the end of 2017, RCG sold Hampton Plaza, a 124,260-square-foot shopping center in Clarksville, Tennessee, for $17.8 million. In December, the company acquired Nampa Gateway Center, a 471,340-square-foot center in Nampa, Idaho, a suburb of Boise. The sales price was not disclosed. 

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