Columbia Properties has acquired two Atlanta-area retail centers for close to $11 million. They are the Piedmont Village Shopping Center in Marietta, which is 85% leased, and Trowbridge Crossing Shopping Center in Sandy Springs. Trowbridge is anchored by a Publix and is 100% leased.
Westfield's new retail center in Geelong, Australia, will help the city keep retail dollars in Geelong instead of losing them to Melbourne, said city officials. The center is also expected to generate local employment.