Apr
04

Augusta Shopping Center Sold

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Ownership of the Daniel Village shopping center is now in local hands. Blanchard & Calhoun Commercial purchased the Augusta center at 2803 Wrightsboro Road last week from New York-based Equity One.

Though terms of the deal were not disclosed, Equity One received 10 offers on the 16-acre property, according to the Cassidy Turley firm, which facilitated the sale for Equity One. Messages left for Blanchard & Calhoun representatives were not immediately returned.

“Having local management allows us to be more responsive to potential tenants and to utilize our knowledge of the dynamics of the local real estate market,” Blanchard & Calhoun Vice President John Mills said in a company statement.

There is about 180,000 square feet of retail space within the commercial development, which is anchored by a Bi-Lo grocery store and Rite Aid pharmacy.

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