Savannah, Ga. — JLL Capital Markets has arranged the sales of two shopping centers located in Savannah in transactions totaling $63 million.
Built in 1986, Savannah Centre comprises 186,514 square feet and was 81 percent leased at the time of sale. Tenants at the property include TJ Maxx, Bed Bath & Beyond, Shoe Carnival, JOANN Fabric and Crafts, Five Below, Rack Room Shoes and Chicken Salad Chick.
Chatham Plaza totals 197,605 square feet. Originally built in 1972, the property was renovated in 2001. Tenants at the center, which was 93 percent occupied at the time of sale, include Ross Dress for Less, Ashley HomeStore, Pet Supermarket, Dollar Tree, Sketchers, Chili’s, Longhorn Steakhouse and Starbucks Coffee.
Brad Buchanan, Andrew Kahn and Andrew Michols of JLL brokered the sales on behalf of the undisclosed sellers. JBL Asset Management acquired both properties.