Published in The Latest News
Atlanta -- Atlanta-based RCG Ventures has acquired The Landings, a 112,622-square-foot shopping center located in the Chicago suburb of Bolingbroke, Illinois.
The center is anchored by Planet Fitness, PetSmart and Office Max, and is shadow-anchored by The Home Depot and Meijer. Jeff Miller represented RCG internally, and Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the undisclosed seller in the transaction. Terms of the sale were undisclosed. RCG has also sold four properties located in Georgia, North Carolina and Wisconsin. Dispositions include First Tuesday Center, a 158,795-square-foot shopping center located 45 miles west of Atlanta in Carrollton, Georgia; May’s Crossing, a 138,241-square-foot center located 16 miles south of Atlanta in Stockbridge, Georgia; Pamlico Plaza, an 89,967-square-foot center located in Washington, North Carolina; and Shawano Plaza, a 192,675-square-foot center located in Shawano, Wisconsin. Terms of the transactions and buyers were undisclosed. First Tuesday Center is home to tenants including Roses, Food Depot, Farmers Home Furniture and Dollar Tree. Margaret Caldwell and Margaret Jones of JLL represented RCG in the transaction. May’s Crossing is anchored by Big Lots, dd’s Discounts and Dollar Tree. RCG was represented by Mark Joines and Drew Fleming of Newmark Knight Frank in the disposition. Pamlico Plaza in North Carolina is anchored by Burke’s Outlet and Office Depot, and shadow-anchored by Walmart. Ryan McArdle, David Rivers and Steve Collins of The Palomar Group represented RCG in the transaction. Dunham’s Sports anchors Shawano Plaza in Wisconsin. Tom Fisk and Adam Meyers of NAI Pfefferle represented RCG in the disposition.
Chris Coleman, VP of Development at Wingspan, periodically shares his thoughts and observations on property development news.