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IRT PROPERTY COMPANY ACQUIRES PUBLIX-ANCHORED SHOPPING CENTER IN MARIETTA, GA.

 ATLANTA, Feb. 1 /PRNewswire/ -- IRT Property Company (NYSE: IRT), the southeastern shopping center REIT, today announced that it had completed the acquisition of Macland Pointe Shopping Center in Marietta, Ga.
 This recently completed center, which was developed by Griffith and Associates, Inc. of Atlanta, is anchored by a 56,000-square-foot Publix Supermarket and contains approximately 11,000 additional square feet of retail space. It is 100 percent leased. The total purchase price of the center was approximately $5,600,000.
 The Publix Supermarket opened for business on Dec. 30, 1992 and is the third Publix store to open in the greater Atlanta area.
 -0- 2/1/93
 /CONTACT: Lee A. Harris, senior vice president and general counsel for IRT Property Company, 404-955-4406/
 (IRT)


CO: IRT Property Company ST: Georgia IN: SU: RLE

RA-BR -- AT002 -- 1278 02/01/93 10:38 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:141
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