The Augusta National Golf Club has acquired the National Hills shopping center for $26 million, making it the club’s priciest single real estate purchase to date.
The April 13 purchase of the shopping center – which sits across Washington Road from the club’s northwest boundary – was preceded by the March 27 acquisition of five former home tracts in the Jamestown neighborhood on the club’s southwest side for $2.2 million.
Public records of both sales were not made available by Richmond County until this week.
The 169,000-square-foot National Hills retail center is anchored by The Fresh Market and the Electrolux customer service center. It was acquired from an affiliate of Canadian real estate firm Slate Asset Management LP, which purchased the property in 2017 for $24.7 million…
The Augusta National, through affiliated companies, has acquired more than 110 acres of property surrounding the club during the past 20 years. [1]
The largest of the purchases – $3.45 million for the nearly 1-acre Wendy’s property – gives the club ownership of nearly all Washington Road frontage on the southside between the club’s western fence and the Berckmans Road-Alexander Drive intersection.
The Wendy’s property was purchased from Wendpartners, a Cortland, N.Y.-based franchise group. The local franchise operator, Wendgusta, said the restaurant would continue operating as usual through the remainder of its long-term lease. [2]
SOURCES FOR CURATION:
- Augusta National Golf Club Buys National Hills Shopping Center
Augusta Chronicle
- Augusta National Acquires Wendy’s Property, Others
Augusta Chronicle
