Cleeman Realty Group is pleased to announce the off-market sale of Columbia Marketplace, a grocery anchored shopping center in Columbia, MS. The 136,000 SF center was 72% occupied at the time of sale and is anchored by Ramey’s Marketplace, a well-established regional grocer with over 20 locations across Mississippi, Alabama, and Louisiana. The property offers excellent visibility, consistent traffic flow, and proximity to major national retailers, including Walmart.
Jeremy Scheer of Cleeman Realty Group represented both the Buyer and Seller in the transaction.
The seller completed the sale in connection with a maturing loan on the property, while the buyer was attracted to the significant upside the asset presents through lease-up of the remaining vacancy.
“Columbia Marketplace presented a compelling investment opportunity anchored by a strong grocer and positioned along the city’s primary retail corridor,” said Jeremy Scheer of Cleeman Realty Group. “The buyer recognized the meaningful upside available through leasing the remaining vacancy, and we’re pleased to have represented both parties in facilitating the transaction.”
About Cleeman Realty Group
Cleeman Realty Group specializes in the sale of retail and net-leased properties across the United States, providing strategic advisory services to investors, developers, and property owners. With a proven track record of success, the firm remains dedicated to delivering superior market insights and transaction expertise.