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DUBLIN, GA-DIM Vastgoed NV, a publicly traded Dutch real estate fund, has increased its Georgia portfolio to 800,000 sf with the $9.1-million acquisition of Dublin Village Shopping Center, just outside Macon. DIM paid Atlanta-based WBF Dublin LLC $92.59 per sf for the 98,540-sf, 94.5%-leased property. A 70,225-sf Kroger Supermarket anchors the center.

DBR & Associates LLC of Fort Lauderdale, FL negotiated for DIM as it has in all of the fund's US acquisitions to date. "Although considered a tertiary market, Dublin is one of the primary retail nodes located between the Macon MSA and Savannah MSA, and benefits from a regional draw of customers due to the scarcity of retail in this region of middle Georgia," says AJ Belt, chief operating officer of DBR & Associates. Belt adds, "Not only do we see a great deal of opportunity with the acquisition of Dublin Village, but this acquisition also serves to further solidify our presence in the Georgia community."

Belt tells GlobeSt.com the deal was done at this time because the seller was liquidating its portfolio. He says the purchase price was "fairly close" to replacement cost. DBR will manage the center along with DIM's nine other retail properties in Georgia. Belt places the estimated value of the 10 shopping centers at $130 million. Trammell Crow Co. represented the seller.