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ATLANTA, JUNE 5, 2013 — Jones Lang LaSalle announced today it has closed the sale of Tifton Corners, on behalf of Atlanta based RCG Ventures, LLC. Georgia based, Tifton Retail, LLC. purchased the 186,629 square foot shopping center anchored by Big Lots, Save A Lot, Tractor Supply Company, Dollar Tree, Citi Trends and Hibbett Sports. The property is currently is 84 percent leased.
Managing Directors Margaret Caldwell and Kris Cooper led the Jones Lang LaSalle Retail Investment Sales team on this transaction.
“Tifton Corners is a solid, well-anchored shopping center located in the heart of a steady retail corridor which provides a stable return and future upside through leasing the remaining available space,” added Caldwell.
Tifton Corners is located at 21 Virginia Avenue South, Tifton, GA 31794 in South Central Georgia approximately two hours north of Tallahassee, Florida and three hours south of Atlanta, Georgia and I-75, the major north-south interstate in Central Georgia.
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.
About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.
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