#United States #Gainesville #Prudent Growth #SouthGate Centre

Prudent Growth Partners Acquires SouthGate Centre

Chapel Hill, NC, March 24, 2025 — Prudent Growth Partners, LLC, a private equity firm specializing in real estate investment, has successfully acquired the SouthGate Centre located in Gainesville, Florida, for a total of $5.23 million. This marks another significant step in the firm’s expansion within Florida's real estate market.

Overview of SouthGate Centre

Built in 1989, the SouthGate Centre boasts a modern design and occupies a prime location within one of Gainesville’s bustling retail corridors. The shopping center covers an area of 24,025 square feet and is currently home to 13 tenants, providing a healthy mix of lifestyle-oriented businesses and essential service providers. Notably, the leasing terms have been structured to include staggered expirations, allowing for a balanced tenant turnover that is strategic for ongoing profitability.

The property remains well-maintained with no significant deferred maintenance issues, enhancing its appeal for potential investors. Its proximity, just 1.5 miles from the University of Florida, ensures a continuous flow of foot traffic, making it an attractive location for lifestyle and necessity-based businesses alike.

Strategic Advantage

Gainesville's retail landscape, which includes well-known regional brands such as Target, Chick-fil-A, Starbucks, Sam's Club, and Bass Pro Shops within a five-mile radius, amplifies SouthGate Centre’s viability. Tom Hahn, the President of Prudent Growth Partners, expressed enthusiasm regarding this strategic acquisition, stating, "We are excited about the purchase of SouthGate Centre, another acquisition in Florida. This property is located in a highly visible and active area close to a major state university, hence we anticipate a strong performance moving forward."

With its balanced mix of tenants and the array of operational value-add opportunities, SouthGate Centre is expected to deliver solid returns for investors. This acquisition underscores Prudent Growth Partners' commitment to identifying properties that may be overlooked by larger institutional investors, yet hold substantial potential for robust returns through meticulous management and strategic positioning.

Future of Prudent Growth Partners

Prudent Growth Partners, LLC operates out of Chapel Hill and Charlotte, NC, focusing on acquiring real estate properties that present exceptional return prospects. By concentrating on smaller, potentially overlooked holdings, the firm aims to capitalize on unique opportunities that foster long-term capital gains through expertise in property management and market insights.

With the addition of SouthGate Centre to its growing portfolio, Prudent Growth Partners is setting the stage for further expansions and investments, continuing its trend of identifying beneficial real estate opportunities that align with its investment strategy.

This acquisition is just another example of how Prudent Growth maintains its forward momentum in a competitive real estate market, ensuring that its investors can reap the benefits of strategic property investments.