America’s Realty Buys Georgia Shopping Center for $4.95 Million

by Scott Reid

Columbus, Ga. — America’s Realty, in partnership with ARCJ Capital, has purchased Fountain Park Shopping Center in Columbus for $4.95 million from Phillips Edison & Co.

The shopping center, which spans 107,105 square feet, is 89 percent leased. It is anchored by Winn Dixie grocery store and Farmers Home Furniture and has two outbuildings on the property. America’s Realty plans to redevelop the center and make capital improvements to make it more attractive to shoppers and tenants. Other tenants include Dollar Tree, Gallery Wedding, China Café, Golden Beauty, Q Nails and Veri Best Donut.

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