US Property Group has sold Village Plaza on Bobby Jones Expressway for over $20 million
MARTINEZ, GA. (WJBF)- After speaking to local business owners, one said her business has been here long enough to see the place grow.
“We moved in 16 years ago and when we moved into the mall there were a lot of vacancies and we moved here because the rent was great and we were a new business,” Carol Kennedy said. from Great Deals on Furniture.
The Plaza is now home to local businesses and businesses with stores like Walmart SuperCenter, Sam’s Club, Tractor SupplyCo, great deals on furniture, and more.
Kennedy says she has seen her business grow alongside the place itself under US Property Group ownership.
“Since we’ve been here the mall has filled up I think almost every space and we have a variety of businesses here which is really great because it brings a variety of people here which is, I think, what a business owner wants. You want broad, uh, uh, exposure to a lot of different people.
His main concern, however, is that new California-based owners can keep track of Village Plaza’s progress over the years.
“And that they don’t change the pricing structure so much that people leave and, uh, it still stays – which I think – is a great place to shop.”
Business watchers believe a selling point for new buyers was the below-market rent paid by mall tenants.
We spoke to Cal Wray, Chairman of the Augusta Economic Development Authority and said he thought it was a good investment by US Property Group as it became revenue generating.
So far, there is no word for the redevelopment of the square.