COLUMBUS, GA-General Growth Properties of Chicago, the second largest shopping center owner/developer in the United States, has added the 28-year-old, 820,000-sf Peachtree Mall in Columbus, GA to its portfolio of 159 regional retail centers in 39 states.

The Illinois-based REIT paid Jim Wilson Associates Inc. of Montgomery, AL $87.6 million or $106.82 per sf for the 92% leased property near the Fort Benning, GA military base, 100 miles south of Downtown Atlanta. Dillards, Parisian, JCPenney and Rich’s-Macy’s anchor the 1975-built center which was renovated and expanded in 1985 and 1993.

The property includes an eight-screen Carmike theater and a 12,600-sf convenience center. Inline specialty retail space comprises about 265,000 sf.

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