October 03, 2006


That's odd--Colonial Properties selling Trussville centers

Very interesting--the Target/Home Depot anchored shopping center is very new, and the second phase up on the hill above just opened yesterday. The way the article reads, the sale was done to keep good ol' Bobby Lowder from showing an overall loss due to pressures over on the residential side of the business, but it does seem strange to sell your newest creation before the paint's even dry.

I just hope that whoever bought it keeps it up as nicely as Colonial keeps their properties--I'm not a big fan of the folks in the management of Colonial, but aside from that, they do run attractive shopping centers.

Posted by Terry Oglesby at October 3, 2006 09:38 AM