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Memphis, Tenn. — ABS Management & Development has acquired Raleigh Springs Marketplace in Memphis.
AZT Corp. sold the asset for an undisclosed price. The center was 85 percent leased at the time of sale to 19 tenants including Subway, Veterans Affair Clinic, Save-a-Lot, T-Mobile and Rainbow. ABS Management & Development will invest in capital improvements to the center including modern façade upgrades, LED lighting, parking lot repairs and addition of an advanced security system.