Fayetteville, Ga. — Continental Realty Corp. (CRC) has purchased Banks Crossing, a 255,101-square-foot shopping center in Fayetteville, a southern suburb of Atlanta. CRC acquired the center, which is anchored by Kroger, for $24.4 million through its private equity fund. The seller was not disclosed. Located at 100-240 Banks Crossing N., Banks Crossing is the third shopping center in CRC’s Georgia portfolio and was 91 percent leased at the time of sale to tenants such as JC Penney, Sally Beauty, Guitar Center and Planet Fitness.
Continental Realty Purchases Kroger-Anchored Shopping Center in Suburban Atlanta for $24.4 Million