Equity One Picks Up Two Southeast Shopping Centers

ATLANTA-Equity One Inc. chairman Chaim Katzman of North Miami Beach, FL continues his 10-month acquisition march through the Southeast, buying two 100%-leased Publix-anchored shopping centers in Panama City, FL and Greenville, SC for a total $15.6 million or $113.59 per sf.

Equity One bought the properties from Jamestown, a locally based real estate investment firm representing investors in Germany where Jamestown has an office in Cologne. Competition for the properties from buyers was strong, says broker Joe Montgomery of locally based Spectrum Realty Advisors which negotiated for Jamestown.

“Grocery-anchored retail continues to be one of the most desirable real estate investments” today, Montgomery says. “With such well-located properties, demand was intense.”