Validus Group Acquires 123,000 SF Shopping Center in Dalton, Georgia

TAMPA, Fla. - Nov. 5, 2015 - PRLog -- Validus Group has finalized the acquisition of Dalton Village, a 123,000 square-foot shopping center in Dalton, Georgia. The property was acquired from New York based real estate firm Cohen Equities for $3.075 million, or $25 per square foot.

Dalton Village marks the third retail shopping center acquisition for Validus in the last twelve months, more than tripling the size of its portfolio. The company now owns over 600,000 square feet of real estate throughout the Southeast.

Built in 2009, Dalton Village is anchored by 35,000 square foot discount retailer Robinson Salvage. With products ranging from brand-name clothes to household appliances and furniture, Robinson has built a strong presence in the area and recently completed a 10,000 square foot expansion.

Other suites in the center range from 1,500 to 10,000 square feet and feature amenities including end-cap space, high ceilings and façades, patio space, and LED signage. David Brightwell, VP of Business Development for Validus Group, cited these features and the ability to offer aggressive leasing terms as key points in maximizing the center’s potential.

“We are thrilled to add an asset like Dalton Village to our portfolio,” Brightwell said in a statement. “As one of the newest centers in the Dalton market we’ve already seen a strong amount of leasing interest. The property’s design, high traffic counts and visual appeal make it an ideal location for future tenants. The potential there is tremendous and we are excited to get started.”

About Validus Group

Validus Group is an investment firm based in Tampa, Florida that develops, owns and manages real estate and real estate related businesses. Other affiliates of Validus Group include Carter/Validus REIT Investment Management Company, LLC, Carter Validus REIT Management Company II, LLC, and Validus Senior Living. Validus Group also serves as the lead investor in Gulfshore Bank, a Tampa Bay area community bank focused on serving small to medium sized companies. Since inception in 2004, Validus Group and its affiliates have formed, acquired or managed companies with assets that have grown to more than $3 billion. The company, through its subsidiary company Validus Group Properties, currently owns a portfolio of over 600,000 square-feet of industrial, flex, office, and retail space across the Southeast. They are actively seeking future investment opportunities in the $5-$15 million range.

Steve Montalvo
Validus Group
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