Washington Prime Group has sold Georgia Crossing, a 317,301-square-foot premier retail shopping center located in Buford, Ga., for $82.255 million.
The buyer was Invesco Real Estate.
Georgia Crossing is strategically positioned across from the Mall of Georgia in the most visited retail corridor in Georgia, with over 21 million annual visits. The property benefits from exceptional visibility with frontage along Buford Drive and Woodward Crossing Boulevard, which see 97,400 and 40,036 vehicles per day, respectively, attracting more than 5.2 million annual visits. Georgia Crossing is surrounded by a highly affluent customer base, with average household incomes exceeding $135,000.
Georgia Crossing is 100 percent leased to a diverse mix of national retailers, including anchors TJ Maxx/HomeGoods, Nordstrom Rack, Best Buy, Hobby Lobby, Staples, Cavender’s and Ulta. Several tenants at the center rank among the top five most visited locations in the state.
JL
