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IRT PROPERTY COMPANY ACQUIRES KMART-ANCHORED SHOPPING CENTER IN MILLEDGEVILLE, GA.

 ATLANTA, June 8 /PRNewswire/ -- IRT Property Company (NYSE: IRT), the southeastern shopping center REIT, today announced that it had completed the acquisition of Heritage Walk Shopping Center in Milledgeville, Ga.
 This center, which contains a total of 159,000 square feet of retail space, is anchored by an 86,000-square-foot Kmart, a 31,000-square-foot Bi-Lo Supermarket and a 25,000-square-foot Goody's department store. The total purchase price of the center was approximately $8,657,000.
 This acquisition increased IRT's portfolio to 66 shopping center investments which includes more than 6.6 million square feet of retail space.
 -0- 6/8/93
 /CONTACT: Lee A. Harris, senior vice president and general counsel of IRT Property, 404-955-4406/
 (IRT)


CO: IRT Property Company; Heritage Walk Shopping Center ST: Georgia IN: SU: RLE

BR-BN -- AT002 -- 6440 06/08/93 10:09 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
Words:138
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