Coro Realty Sells Publix-Anchored Retail Complex in Columbus for $43M
Coro Realty has completed the sale of its Cross Country Plaza, a 314,000-square-foot retail center in Columbus, GA for $42.6 million. Transwestern represented the Coro Realty in the transaction.
An affiliate of Hackney Real Estate Partners acquired the asset, which was was nearly 90% occupied at time of sale. Coro Realty retained some outparcels, including properties it and Storage XXStra converted from retail to self-storage.
The sale continues Coro Realty’s strategy to diversify its portfolio and redeploy capital to infill sites and densifying markets. “Coro Realty acquired Cross Country Plaza eight years ago and implemented our strategy of making capital improvements to attract sought-after national brands,” said Adam Holland, VP of Coro Realty. “It is well-located and stabilized with upside for the new ownership.”
Cross Country Plaza is on Macon Road, is anchored by Publix and is home to TJ Maxx, Burlington and 2nd & Charles among other retailers.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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