General Growth Properties purchased Peachtree Mall in Columbus, GA, from Jim Wilson Associates Inc. for $87.6 million or $106.83 per square foot. "Peachtree Mall is the dominant retail destination within a 100-mile trade area, located south of Atlanta," said John Bucksbaum, CEO of General Growth. "Peachtree is the seventh mall GGP either owns or manages in the state of Georgia and is a valuable addition to our existing portfolio." Peachtree Mall opened in 1975 and was renovated and expanded in 1985 and 1993. Rich's-Macy's, Dillard's, Parisian, and JC Penney anchor the 820,000-square-foot center. The property also includes an eight-screen Carmike Theater and a 12,600-square-foot convenience center. In-line specialty retail space comprises approximately 265,000 square feet.