Business & Tech
Nearby: Fountain Oaks Shopping Center to Have New Owner
A Houston-based company plans to purchase the property, anchored by Kroger.
AmREIT, Inc. announced Friday that it has entered into a binding contract to purchase the Fountain Oaks Shopping Center on Roswell Road, just north of Buckhead in Sandy Springs.
According to Fort Mills Times, the 160,000-square-foot, Kroger-anchored shopping center is 89 percent leased.
According to the article, the Houston, TX-based company plans to "fund the acquisition through its existing revolving credit facility and expects to close by the end of the second quarter 2013, subject to customary closing conditions."
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