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The latest news from Westplan Investors.

 

Westplan Successfully Sells The Shoppes at Fountain Oaks

ATLANTA, GEORGIA - Westplan has sold The Shoppes at Fountain Oaks in Atlanta, Georgia to AmREIT, a Houston, Texas based equity real estate investment trust. The Shoppes at Fountain Oaks, acquired by Westplan in 2010 from a German based equity trust, is a 160,000 SF Kroger-anchored center located in a unique location in Sandy Springs.

Rece Morgan, VP Retail, stated “even though we continue to see improving performance for this type of property, the sale realized a 23% IRR result for our investors.”

Read more: Westplan Successfully Sells The Shoppes at Fountain Oaks

Westplan Exceeds its Retail Leasing Goals in 2012

ATLANTA, GEORGIA – Westplan executed over 69,000 square feet of new and renewal leases in its Atlanta Retail Portfolio in 2012 which increased overall occupancy to 91%.  Westplan’s retail centers include Fountain Oaks in Sandy Springs, Rivermont Station in John’s Creek, Town Square in Decatur, Shoppes of Shiloh Crossing in Kennesaw and Butler Crossing in Acworth.  Notable new tenants include Title Boxing Club, Inc., Bridge Club of Atlanta, Dance FX, Dance Theatre, Mazzy’s Sports Bar, Asian Cajun and Buffalo’s Café.

Read more: Westplan Exceeds its Retail Leasing Goals in 2012