NEW YORK, June 25, 2014 – Cohen Real Estate, a Manhattan-based full-service brokerage firm specializing in retail properties throughout the United States, today announced it has been retained to exclusively market Shoppes of Silverwood, a full-service strip shopping center located in an optimal, high-traffic location with a strong base of tenants.
The 65,571 square-foot shopping center, located in Ricon, Georgia, is 100% occupied, anchored by Kroger supermarket and bolstered by several other national and regional credit tenants. Kroger has seen a significant and steady increase in sales over the last few years, adding more value to this asset. Other tenants include Cato’s, Hong Kong Buffet, Pizza Hut, Jackson Hewitt Tax Service, and First Chatham Bank. Although the property is completely occupied, the new owner has the ability to add a 3,150 square-foot end-cap store.
Providing excellent visibility and easy access, Shoppes of Silverwood is located just 30 minutes north of Savannah, Georgia. Situated on 5652-5667 US Highway 21 South with a signalized intersection, this prime location achieves traffic counts of approximately 17,780 cars per day.
“Shoppes of Silverwood is an ideally-located, successful strip shopping center featuring a strong base of tenants with an excellent sales volume,” said Helen Putterman, president of Cohen Real Estate, who is exclusively marketing the property. “We are certain that the property’s visibility and strong tenancy will quickly generate a considerable amount of interest in this asset.”
In order to take advantage of the current financial markets, the property is being offered free and clear.
For further information, call Helen Putterman at 212-803-5776