Search
 

300,264-SF Macon Center Snags $30-Mil Buyer

MACON, GA-Inland Retail Real Estate Trust pays Faison-Sofran of Atlanta and Charlotte $30 million for the first phase of the Eisenhower Crossing Shopping Center. In early 2002, the buyer will take the deed to the balance of the 88-acre center

By Mark Clothier | Updated on December 17, 2001

MACON, GA-Inland Retail Real Estate Trust Inc. has shelled out $30 million for the 300,264-sf first phase of Macon’s Eisenhower Crossing Shopping Center. An inside source tells GlobeSt.com that the center was not on the market.

Faison-Sofran II Partnership No. II is the seller of record. Faison-Sofran is a partnership of the Sofran Group, based in Atlanta and Charlotte-based Faison Enterprises. David Lampke of Dallas-based Trammell Crow Co.’s Charlotte office represented the Faison-Sofran selling entity while Inland used in-house senior vice president of acquisitions, Steve Sanders, to negotiate the deal.

The first phase to Eisenhower Crossing was completed just last month. It is located on 88 acres along Eisenhower Parkway between Colonial Macon Mall and Interstate 475. Eisenhower Crossing’s major tenants include Old Navy, Staples, Michael’s, Marshall’s, Bed, Bath & Beyond and Dick’s Sporting Goods. Shadow anchors in the center include Target and Best Buy. The shadow anchors are not part of the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.