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FOR IMMEDIATE RELEASE
From Jerry Boling, ED
Banks County Chamber of Commerce
THE SHOPPES at BANKS CROSSING
The Banks County Chamber of Commerce is proud is announce, in cooperation with the Banks County Board of Commissioners, the Development Authority, and Planning and Zoning that BLUE RIDGE CAPITAL, LLC HAS ACQUIRED TANGER TOWN CENTRE, Commerce – Banks Crossing.
Blue Ridge Capital, LLC announces the acquisition of Tanger Town Centre in Commerce, GA (Banks Crossing) from Tanger Properties Limited Partnership. Blue Ridge Capital has changed the name of the center to The Shoppes at Banks Crossing. The 163,250 SF center is located along US Hwy 441 just off I-85. The center is currently anchored by Aaron Rents, Dollar Tree and Georgia Theatre. The property is well located and prime for re-development.
In a joint meeting with the Board of Commissioners, the Development Authority, Planning and Zoning, the Banks County Chamber of Commerce and Blue Ridge Capital we all discussed the types of tenants would be attractive as well as the name of the space. We all agreed that we wanted to incorporate ‘Banks Crossing’ as part of the name. This area has long been recognized as Banks Crossing and we didn’t want to loose that branding.
“We were excited to have Blue Ridge Capital as new owners of the retail space, as well as the new tenants that are sure to fill the vacant stores. We are all working together to promote Banks County to new opportunities that will create new jobs here in Banks County. We are equally excited that the anchor stores have decided to stay on in Banks County,” said chamber Director Jerry Boling.
Blue Ridge Capital, LLC specializes in the acquisition, leasing, and redevelopment of value-added and high yield retail centers in the Southeast.
In the competitive retail market, BLUE RIDGE CAPITAL has the flexibility to keep rents low, tenants happy, and properties full. Acquiring only well-located real estate, Blue Ridge Capital's goal is to re-invent each property by bringing in new tenants to the community. They implement necessary capital improvements which may include upgraded façades and signage, along with curing deferred maintenance in the areas of roof, parking lot and HVAC systems. BRC places the highest priority on ensuring that each project offers an attractive, inviting, and clean appearance for our tenants' customers.
“We are a positive force – a caring and committed partner – in each community where we do business. We work hard to create a successful tenant mix, including food, service, and merchant shops, to enable each of our properties to meet the needs of the immediate market. We recognize the need for balance and diversity,
and are pleased to have a combination of national chain tenants, local chains, and “mom and pops” comprising our portfolio”.
Through proactive and carefully planned re-development, Blue Ridge Capital is able to provide a viable shopping destination for the community and a valuable addition to our investment portfolio.
Steve Patrick, VP Leasing and Property Management and Kellie Snipes, VP Asset Management will be guests at the upcoming Chamber of Commerce Breakfast on August 12th. The public is invited to attend.
For photo of leasing space and contact information, please go to www.bankscountychamber.com and click on Commercial Properties.
