RCG Ventures, DRA Advisors Buy Georgia Shopping Center for $46.5 Million

by Scott Reid

Kennesaw, Ga. — Atlanta-based shopping center owner RCG Ventures has formed a joint venture with DRA Advisors to purchase Cobb Place, a 335,190-square-foot shopping center located in Kennesaw, a northern suburb of Atlanta.

The joint venture acquired the center from an undisclosed seller for $46.5 million. The property’s tenant roster includes Bed Bath & Beyond, Cost Plus World Market, DSW Shoe Warehouse, Ashley Furniture and American Signature Furniture.

CBRE represented the seller in the transaction, and RCG Ventures was represented internally by Matt Klump.

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