Anchor purchases 93,998 SF Retail Shopping Center 

Bell Plaza Shopping Center in Montgomery Sold for $3.3M 

Bell Plaza Shopping Center is now under new ownership! Montgomery Community Partners, LLC purchased a 93,998 square-foot retail center at 6228 Atlanta Highway in Montgomery, Alabama from Folmar Montgomery, LLC on October 13. This property sold for $3,300,000.  

Micah Lacher, President of Anchor Investments said, “This property perfectly aligns with our 

strategic vision of acquiring well-positioned assets with untapped potential. We are thrilled to enhance the center in the years to come and bring more tenants to the center. We look forward to leasing the former Virginia College space and partnering with a great retailer to open there.” 

Lacher further emphasized Anchor Investments’ track record of revitalizing shopping centers 

nationwide, assuring that the company is committed to making sure this center is a retail staple in the Montgomery community for many years to come. In addition, he emphasized Anchor Investments’ commitment to partnering with local organizations through our Anchor Gives Back initiative by investing in local non-profits making an impact. As part of our acquisition of this center, Anchor will be giving $1,000 to Community of Hope ( to help them in their efforts to provide food, clothing, furniture and other items to those in need. 

Ryan Romes, who is the Director of Acquisitions at Anchor added, “We were attracted to this center due to the great traffic counts and the solid fundamentals of the center”. Romes added, “Our company has a long track record of adding value to shopping centers through our leasing efforts. We look forward to finding the right tenant to partner with in the former Virginia College space. We have been encouraged by the amount of interest in our first couple weeks of marketing the space.” Anchored by Dollar General and several great local restaurants, this center has been a retail staple in the community since it was developed. 

Anchor continues to be actively involved throughout the Southeast and Midwest with its value-add strategy and continues to look for strategic acquisition opportunities. 

Shepard Ager of IronVest Partners represented the buyer and seller in this transaction.