RCG Ventures Acquires Pelican Place at Craft Farms for $18.5 Million

Gulf Shores, Ala. — Atlanta-based RCG Ventures has acquired Pelican Place at Craft Farms, a 229,911-square-foot shopping center located in Gulf Shores, for $18.5 million.

Fred Victor of Transwestern represented the seller, Langley Properties Co., and Scott Tarbet represented RCG in-house in the transaction. Tenants at the center include Bed Bath & Beyond, Cobb Theatres and Books-A-Million.