Atlantic Capital Partners Sells 104,915-Square-Foot Shopping Center in Savannah, Georgia, for $35.8 Million

Savannah, Ga. — Atlantic Capital Partners has sold Twelve Oaks, a 104,915-square-foot neighborhood shopping center located in Savannah, for $35.8 million. The property was 99 percent leased at the time of sale. Publix anchors Twelve Oaks, which has operated at the site since 1992. Additional tenants include Sephora, Cold Stone Creamery, Great Clips, Five Guys Burgers & Fries, LensCrafters and Bonefish Grill. Twelve Oaks was built in 1985 and is situated on approximately 10 acres. Fred Victor of Capital Markets represented both the buyer, Downers Grove, Illinois-based InvenTrust, and the seller, locally based David Garfunkel and Co., in the transaction.