ATLANTA—Cole Real Estate Investments just acquired two power centers for $264 million. One is in Canton, GA and the other was in San Jose, CA.

Cole Credit Property Trust IV acquired Canton Marketplace, a 352,350-square-foot regional shopping center, for $61 million. The trust also acquired The Plant, a 509,614-square-foot regional shopping center, for $203 million. Both properties include long-term anchor-tenant leases and are within thriving local retail markets.

“Power centers occupied by nationally recognized retailers with strong credit are core to Cole's overall investment strategy,” says Scott Holmes, senior vice president for multi-tenant retail acquisitions at Cole. “The Plant and Canton Marketplace fit our growing national portfolio, as both acquisitions boast strong locations in primary markets and long-term anchor leases.”