SAVANNAH, GA – Cassidy Turley, a leading commercial real estate services provider in the U.S., represented RCG Ventures I LLC in its purchase of Southchase Shopping Center in Savannah, GA. Located at 11132 Abercorn Street, the 87,348 square foot property is anchored by PetSmart.
Vice Presidents Drew Fleming and Mark Joines of Cassidy Turley’s Southeast Retail Group represented RCG Ventures, a privately funded real estate investment group that acquires and develops commercial real estate in the continental United States. Ashley Smith of Colliers International represented the seller, Dean Forrest Partners.
Hobby Lobby has signed a lease for 58,595 square feet in the shopping center, with the store scheduled to open in late summer.
“Southchase Shopping Center represents an exceptional repositioning opportunity for RCG Ventures,” said Mr. Fleming. “The property, located at the traffic light intersection of Abercorn Street and Deerfield Road, is approximately 1,000 feet from the soon-to-be completed Truman Parkway Extension, which will be a game changer for Southchase and neighboring properties by connecting some of the most populated barrier island communities in the Savannah metro area to the city’s busiest retail artery.”
About Cassidy Turley Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.