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Written by / Agency / Source: Exchange Equity, LLC

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Exchange Equity, LLC Announces the Acquisition of Park Place in Peachtree City Georgia - Exchange Equity, LLC, has announced the acquisition of Park Place in Peachtree City Shopping Center. Exchange Equity and three Co-owners acquired the center in a Tenant In Common arrangement from Park Place at the Avenues
Exchange Equity, LLC Announces the Acquisition of Park Place in Peachtree City Georgia

 

NewswireToday - /newswire/ - New Orleans, LA, United States, 2008/02/18 - Exchange Equity, LLC, has announced the acquisition of Park Place in Peachtree City Shopping Center. Exchange Equity and three Co-owners acquired the center in a Tenant In Common arrangement from Park Place at the Avenues.

   
 
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Park Place in Peachtree City is a brand new unanchored retail strip center in Peachtree City, Georgia about 15 miles south of the City limits of Atlanta. Construction on the center will be completed by the end of February 2007. The center is currently 100 % leased with 75% occupancy. The total leasable area is 15,000 sf which is situated on 1.81 +/- acres. The center is constructed of cinderblock and steel framing with a stucco and brick exterior. The center is being built out with 8 units, five of which have been NNN leased for five years terms. Park Place is within 50 feet of the west entrance to The Avenue @ Peachtree City which is owned and developed by Cousins Properties.
The current tenants include Benny's Bear Factory, Gypsy Warehouse, PlumYumi-Day Spa, Mudd Pies Clothing, and Oh My Baby!
The Property will be professionally managed by McNamara Associates Atlanta, Inc.

About Exchange Equity, LLC

Exchange Equity (exchangeequity.com) is a private real estate investment company that acts for its own account and for the account of co-investors in quality real estate properties that is headquartered in New Orleans, LA. It is the first Atlanta, GA real estate investment.

The Company created a Co-Ownership program to offer small and medium size investors, the opportunity to acquire the quality net-leased properties previously the exclusive purview of only the largest of institutional investors. The program is designed to accommodate the first time real estate investor looking to diversify their portfolio or for a passive investor looking to preserve and protect equity in a relinquished property exchange through an IRC §1031 Exchange.

 
 
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Written by / Agency / Source: Exchange Equity, LLC

 
 

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Exchange Equity, LLC Announces the Acquisition of Park Place in Peachtree City Georgia

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Publisher Contact: James P. McNamara - ExchangeEquity.com 
504-897-1299 jamesp[.]exchangeequity.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Exchange Equity, LLC securities in any jurisdiction including any other companies listed or named in this release.

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