Duluth Power Center Back to Auction

A Duluth-area power center is headed back to auction, just weeks after it was supposed to sell. Auction.com is relisting Pleasant Hill Square, a 282k SF power center that's half-filled with Toys 'R' Us, Staples, and Jo-Ann Fabric & Craft Stores. According to the folks at Auction.com, the previous bid winner failed to close on the property. The new auction is slated for Oct. 26 with an opening bid of $4M. This is the second area power center that will have an auction shot: Last month, Lincoln and SRS partnered and sold Venture Pointe, a 335k SF power center a mile south of Pleasant Hill Square, to a local investor for $15.7M.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

Dan Wagner To Head Lee & Associates In Atlanta: The Atlanta Deal Sheet

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Georgia's Utility Board Race Could Reshape Nearly 20 GW Pipeline Of Data Centers

Deutsche Bank's Asset Manager Needs To Sell To Meet Redemptions. Here's What It Owns

JLL's Q3 Revenue Surges Amid Strong Leasing, Capital Markets Activity

Fed's Pause Gives CRE Little Relief As Yields, Midterms Freeze Deals