U.S. Property Group sold Village Plaza on Bobby Jones Expressway for over $20 million

MARTINEZ, GA. (WJBF) – Just after talking to local company homeowners, 1 says her business enterprise has been here prolonged adequate to witness the plaza’s development. 

“We moved in 16 several years back and when we moved in the searching center experienced lots of vacant places and we moved in right here for the reason that it was excellent lease and we ended up a new company,” Carol Kennedy of Wonderful Discounts on Furnishings claimed.

The Plaza now properties both neighborhood and corporate enterprise with shops like Walmart SuperCenter, Sam’s Club, Tractor SupplyCo, Great Offers on Furniture, and more. 

Kennedy claims she noticed her business improve together with the plaza by itself beneath the ownership of U.S. Property Team. 

“Since we’ve been listed here, the shopping center has filled in, I assume nearly all of the spaces and we have a assortment of corporations in this article, which is seriously wonderful ‘cause it draws a range of persons here– which is, I feel, what a business operator wishes. You want a broad, um, um, exposure to a whole lot of various men and women.” 

Her primary problem, however, is that the new California-dependent house owners be in a position to hold up with Village Plaza’s development above the several years. 

“And that they really do not modify the level construction so a great deal that folks depart and, um, that it even now remains– what I think– is a terrific spot to store.”

Company watchers speculate a offering point for the new buyers was the under-sector rent becoming compensated by the shopping center’s tenants.

We spoke to Cal Wray, President at Augusta Financial Growth Authority and mentioned he thinks this was a superior investment by U.S. Property Group, as it has grow to be earnings creating. 

So much, there’s no word for redevelopment of the plaza.