\Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Town Central Shopping Center in Milledgeville, Georgia. Theassets sold for $8,345,000.

    "This sale is a prime example of the robust demand for grocery-anchored retail centers with below-market rents,” says Zach Taylor, senior managing director of investments.

    Taylor and Eric Abbott, investment specialists in Marcus & Millichap’s Atlanta office, had the exclusive listing to market Town Central Shopping Center on behalf of the seller, a Tennessee-based developer, and secured the buyer, a private investor. Robby Pfeiffer, investment specialist in the Atlanta office, exclusively listed Food Depot, a grocery-anchored retail property adjacent to the center and collaborated with Taylor and Abbott to secure the buyer.

    The 140,097-square-foot shopping center at 1850 N. Columbia St. boasts 100% occupancy with 10 tenants. The center is anchored by Tractor Supply and shadow anchored by the adjacent 54,765-square-foot Georgia grocery chain Food Depot, located at 1810 N. Columbia St. Situated in a major retail corridor with daily traffic counts of 37,500 vehicles, the properties are near Walmart, Lowe’s, Aldi, and more.