FORGE ANNOUNCES ACQUISITION OF GUNN BATTLE CENTER
Forge Real Estate Partners IV, LP, a joint venture between Forge Capital Partners and The Sembler Company, has acquired Gunn Battle Shopping Center, an 80,675 square foot grocery anchored shopping center located in Warner Robins, GA.
Gunn Battle Shopping Center is anchored by a high performing Publix Supermarket and complemented by a mix of restaurant, fitness and service-based tenants. Warner Robins is situated approximately 100 miles south of Atlanta along I-75 and is home to Robins Air Force Base, which is the largest military air force base in the South. This asset is well positioned along an expanding retail corridor that is poised to continue benefiting from the Macon-Warner Robins MSA’s economic expansion. The Property presented an excellent opportunity to acquire a necessity-based retail shopping center in a growing market, with upside potential through the lease up of vacant space and an available outparcel.
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a solid track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.
The Sembler Company, formed in 1963, is one of the premiere full-service real estate companies in the United States. Specializing in commercial retail development, Sembler has developed over 300 properties throughout the Southeast and Puerto Rico, consisting of 27 million square feet and including 44 Publix-anchored centers and 25 Target-anchored centers. The company currently manages and leases over 10 million square feet of company owned and third party retail properties.