ShopOne Centers REIT, together with its joint venture partners Pantheon and a leading global institutional investor, announced they have acquired Publix at Mt. Zion in Morrow, Ga., marking the fourth grocery-anchored neighborhood shopping center the JV has acquired in the Atlanta MSA.
Located at the dominant retail corner of the Southlake regional shopping corridor, the 79,031-square-foot, 98.9 percent leased asset is anchored by a Publix supermarket that has been operating at the property for more than 30 years.
“We are pleased to further grow our presence in the Atlanta MSA with the recent acquisition of Publix at Mt. Zion,” said Chris Reed, CIO at ShopOne. “This acquisition exemplifies our strategy to acquire neighborhood grocery-anchored shopping centers in high-growth MSAs like Atlanta and add value for our investment partners through our proven operating platform and deep leasing network. Like our other three assets in the market, Publix at Mt. Zion benefit