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Stockbridge Acquires Six-Property, Grocery-Anchored Retail Portfolio
Atlanta-based Stockbridge has acquired a six-property, grocery-anchored retail portfolio located in high-growth markets across the Southeast. Over the next year, Stockbridge plans to acquire an additional six properties, bringing the total portfolio to 1.25 million square feet.
Seller Branch Properties will maintain minority ownership in the portfolio and will continue to handle management and leasing at the property level.
“As the grocery-anchored retail sector remains a resilient asset class, the opportunity to invest in a high-quality, diversified portfolio provides a significant investment opportunity for Stockbridge,” said David Nix, Stockbridge managing director of acquisitions.
The six properties total 765,969 square feet and feature market-leading grocers Publix Super Markets and Harris Teeter, along with a mix of essential, e-commerce-resistant service providers, retailers and restaurants.
- Burnt Store Marketplace, Punta Gorda, FL
- Village Shoppes of Sugarloaf, Lawrenceville, GA
- Five Forks Corners, Lilburn, GA
- Waterford Village, Wilmington, NC
- Village at Waterside, Chattanooga, TN
- Lightfoot Marketplace, Virginia Beach, VA.
Photo: Five Forks Corners
- ◦Sale/Acquisition
