Invesco pays $82M ($258psf) for Georgia Crossing Power Center in Atlanta-area

Invesco Real Estate has acquired Georgia Crossing, a 317,301-square-foot shopping center in Buford, Ga. Washington Prime Group sold the asset for $82.3 million, in a transaction arranged by JLL.

Completed in 1999 at 3205 Woodward Crossing Blvd., Georgia Crossing consists of six one-story buildings across a 30-acre site. The property has TJ Maxx, Home Goods and Target as anchor tenants on a roster that also includes Nordstrom Rack, Best Buy, Hobby Lobby, Staples, Cavender’s, Ulta Beauty, CVS Pharmacy and Starbucks. The retail center was fully leased at the time of sale.

Invesco Ltd. (NYSE: IVZ)
Chase Bolding, CFA | Lead Portfolio Manager, INREIT

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