Buford, Ga.- Halpern Enterprises recently acquired Millcreek Crossing, a 394,727-sq.-ft. shopping center near SimonGroup's Mall of Georgia, for an undisclosed purchase price. The seller was Atlanta-based JDN Realty Advisors.
The, located in Buford, is anchored by a 205,330-sq.-ft. Wal-Mart SuperCenter and a 128,997-sq.-ft. Lowe's Home Improvement Center. Other tenants include Payless ShoeSource, Dollar Tree, Great Clips and Taxco Mexican Restaurant. Development opportunities also exist for up to 30,000 sq. ft. of additional shops, which will be constructed next to Lowe's on a build-to-suit basis.
The property will be leased and managed by Halpern Enterprises, an Atlanta-based firm specializing in the development,and management of shopping centers. In addition to Millcreek Crossing, Halpern Enterprises owns and manages 33 Georgia retail properties totaling more than 3.4 million sq. ft.