Atlantic Capital Partners Sells Twelve Oaks Shopping Center In Savannah For $35.8 Million

A retail property located at 5500 Abercorn Street in Savannah, GA, was sold for $35.8 million. This shopping center, known as Twelve Oaks, encompasses 104,915 square feet and is anchored by Publix. At the time of sale, the property was 99% leased, hosting several tenants including Sephora, Five Guys, and Bonefish Grill.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $35,800,000
• Square Footage: 104,915
• Price Per Square Foot: $341
• Seller: Atlantic Capital Partners
• Broker: Fred Victor - Atlantic Retail
• Market: Savannah, GA

This transaction involved Atlantic Capital Partners as the seller, with Fred Victor from Atlantic Retail serving as the broker in the deal.