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Hinesville shopping area sells for $6.5 million

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POSTED: April 12, 2010 9:29 a.m.
Liberty Square, a 108,752-square-foot shopping center in Hinesville, sold for $6.5 million last week.
Drew Fleming and Mark Joines represented the seller in the transaction. They said the purchaser is an unnamed private equity group that owns shopping centers and office buildings around the country.
The center is 98 percent leased. Tenants include Peebles, Goodwill, Dollar General and USA Discounters. The property is less than two miles from Fort Stewart, one of the largest military installations in the United States.
“The center’s proximity to Fort Stewart and reasonable rental rates made it very attractive to investors,” said Fleming, vice president of Carter Retail Investment Sales Group. “The local economy has really benefited from the growth of Fort Stewart and the types of tenants in this center cater to current national economic conditions.”
Carter represents buyers and sellers in the acquisition and/or disposition and recapitalization of retail properties including malls, shopping centers and grocery-anchored outlets.
 

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