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RGPT Acquires Two Atlanta Centers

ATLANTA-Ramco-Gershenson Properties Trust hasadded two metro area supermarkets, totaling 378,000 sf, to its portfolio. Both are anchored by Publix Supermarkets.

By Dan Heaton | Updated on August 19, 2004

ATLANTA-Ramco-Gershenson Properties Trust has acquired two Publix Supermarket-anchored community shopping centers in the metro area. RGPT did not disclose thepurchase price.

Both centers are located in close proximity to a number of shopping centers already owned by the company. The properties are Promenade at Pleasant Hill in Duluth and the Center at Woodstock in Woodstock.

Pleasant Hill is a 291,127-sf sf community center located on the southwest corner of Pleasant Hill Road and Club Drive. In addition to a 66,000 sf Publix Supermarket, the center is anchoredby Old Time Pottery in 114,000 sf.

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