Sep 6, 2018

Smith, Gambrell & Russell Represents Big V Acquisitions in Two Shopping Center Acquisitions

Altschul_Ramirez_McConnell_Bryant

ATLANTA (September 6, 2018) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce the firm served as legal counsel to Big V Acquisitions, a subsidiary of Big V Property Group, in two of its recent shopping center acquisitions. The New York-based investment management company acquired Willow Oak Plaza in Waynesboro, Virginia and Belvedere Plaza in Anderson, South Carolina.

The two recent acquisitions bring Big V’s portfolio to 40 neighborhood and community shopping centers, totaling more than 4.4 million square feet in New York state and throughout the Southeast U.S. Willow Oak Plaza is a 163,000-square-foot shopping center located near Waynesboro’s main retail corridor. Anchored by Peebles, Roses, Ashley Furniture, and Advance Auto, the center is 86% occupied. Belvedere Plaza, a 151,985-square-foot shopping center in Anderson’s premier retail corridor, is 91% occupied. Anchor tenants include Hamrick’s, Famer’s Furniture, and Rugged Wearhouse.

The SGR New York legal team included Real Estate Practice Section Head and Partner Sean Altschul and Real Estate Practice Associate Dexterrie Ramirez. Also assisting were SGR Atlanta attorneys Emily McConnell, Associate in the Corporate Practice, and Real Estate Practice Partner Eugene Bryant, who handled the financing aspects.

About Big V Property Group
Big V Property Group (BVPG) is a vertically-integrated shopping center investment management and property management company, with comprehensive services including leasing, on-site property management, construction management, finance/accounting and marketing. Utilizing state of the art technical platforms, the company has an excellent track record of providing quality property management and construction management services for over 40 years. BVPG owns and operates 40 class B grocery and discount anchored neighborhood and community shopping centers totaling 4.2 million square feet, primarily located in strong secondary markets throughout the Southeast US. The company has 29 employees, with offices in Charlotte, NC, Florida, NY, and Bristol, TN and a satellite office in Stuart, FL. Visit www.bigv.com for more information.

About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s more than 220 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction and employment law. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Munich, New York, Southampton, and Washington, D.C.