SEDA Arranges $11.5 Million Sale of Retail Center in Savannah

by Katie Sloan

Savannah, Ga. — SEDA (Southeastern Development Associates), formerly Blanchard & Calhoun, has arranged the $11.5 million sale of Fort Howard Square, a 113,00-square-foot retail center located in Savannah.

The property was 96 percent leased at the time of sale to tenants such as Goody’s, Fred’s, rue 21 and Hibbett Sports. Walmart shadow anchors the center. Ryan McArdle, David Rivers and Steve Collins of SEDA’s investment sales team represented the buyer, a publicly traded REIT, and the seller in the transaction.

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