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New shopping center owners main focus is to fill vacancies
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Branch Properties announced Monday it bought the Village Shoppes at Gainesville off Dawsonville Highway and McEver Road from Retail Properties of America at an undisclosed price. Village Shoppes is anchored by Publix, Party City, Marshalls, Ross, Old Navy and Shoe Carnival. - photo by Erin O. Smith

No major changes are planned at Village Shoppes at Gainesville, a 230,000-square-foot shopping center that changed hands earlier this week.

Instead, new owner Branch Properties, an Atlanta-based real estate investment firm, will focus on filling vacant spaces, spokeswoman Michelle Lawrence said Tuesday.

Branch Properties announced Monday it bought the shopping center off Dawsonville Highway and McEver Road from Retail Properties of America at an undisclosed price.

Village Shoppes is anchored by Publix, Party City, Marshalls, Ross, Old Navy and Shoe Carnival.

In a press release, Jesse Shannon, Branch Properties chief investment officer, said the company is “committed to a strategy of the purchase and development of grocery-anchored shopping centers” in the Southeast.

“We look forward to providing the community of Gainesville with an outstanding shopping experience,“ he said.


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