Jacksonville-based Hakimian Holdings announced that it bought a Brunswick, Georgia, shopping center May 21 that is becoming Gates of Brunswick West.<\/p>\n
The Winn-Dixie Company LLC has signed a lease for another decade at the center, previously called Brunswick West, Hakimian said.<\/p>\n
Hakimian Holdings said it paid $5.7 million for the 76,000-square-foot shopping center on 9.21 acres at 5420 New Jesup Highway, west of Interstate 95. It was built in 1974.<\/p>\n
Blake Hakimian, head of acquisitions and finance, said the purchase quadruples Hakimian Holding\u2019s footprint in Georgia and stretches the portfolio up the East Coast.<\/p>\n
He said Winn-Dixie has experienced \u201cmultiple consecutive years of strong sales growth at this location,\u201d and rose 17% last year. The renewed lease will keep the Jacksonville-based grocer serving \u201cwhat is only becoming an increasingly robust trade area.\u201d<\/p>\n
Dollar Tree, Jackson Hewitt and established mom-and-pop stores fill the rest of the center, Hakimian said. He said one unit is available for lease.<\/p>\n
He said Hakimian Holdings considers the site \u201cas another great acquisition in our long-term expansion plans to serve more and more parts of this country.\u201d<\/p>\n
Winn-Dixie has been refocusing on its stores in Florida and South Georgia, selling other locations.<\/p>\n
Hakimian Holdings says it is a private, family-owned commercial real estate acquisition and holding company with 40 properties comprising almost 3 million square feet of retail and office center space.\u00a0<\/p>\n
It says it buys, leases and manages a portfolio of properties from Daytona Beach to Kingsland, Georgia.<\/p>\n
In Kingsland, it owns Camden Corners at 1390 Boone Ave. Hakimian says on its website that Camden Corners was built in 1987 on 7.34 acres and recently underwent a renovation.<\/p>\n
Camden Corners is anchored by a 26,000-square-foot Aldi store that replaced part of the space of a closed Winn-Dixie.<\/p>\n
Blake Hakimian said Kingsland is another rapidly developing part of Georiga.<\/p>\n
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