Prudent Growth Acquires River Pointe Commons in Georgia

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PGP has completed its purchase of the River Pointe Commons shopping center in Dallas, GA.

"We are thrilled about purchasing River Pointe Commons and gaining another property in Georgia. We believe this is another good opportunity for our investors." - Tom Hahn, President of Prudent Growth Partners, LLC

Prudent Growth Partners, LLC, a private equity real estate firm with locations in Chapel Hill and Charlotte, NC, has completed its $4.85 million purchase of River Pointe Commons, a 22,665-square foot multi-tenant shopping center located at 49 Hosiery Mill Road in Dallas, GA, a suburb of metropolitan Atlanta.

Built in two stages, in 2006 and 2016 respectively, River Pointe boasts a strong group of e-commerce-resistant tenants, including three medical/veterinarian establishments that comprise nearly half of the total gross leasable area. The property is strategically on East Paulding Drive, a great location within a fast-growing community and high traffic counts.

The immediate area has experienced strong population growth, from 5,000 residents in 2000 to over 14,000 in 2020. A large Publix-anchored shopping center is across the street, including local and national tenants like Dollar General, Dollar Tree, Waffle House, Marathon Gas, Shell Gas Station, Southern States Bank, and more.

"We are thrilled about purchasing River Pointe Commons and gaining another property in Georgia. It has an encouraging occupancy rate and is in an excellent location," said Tom Hahn, President of Prudent Growth Partners. "We believe this is another good opportunity for our investors and a nice addition to our portfolio."

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.

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