A 20-year-old shopping center in south Augusta is almost done with its facelift.

Atlanta-based Realvest Services Inc. is completing more than $2 million in renovations to Colony Plaza on Windsor Spring Road near Bobby Jones Expressway.

"It's really a great shopping center. We like the visibility from Bobby Jones, Windsor Spring Road and Peach Orchard Road. South Augusta has been historically underserved with retail, so we're getting really good community reaction.

"I think the south Augusta market appreciates having a nicely upgraded shopping center with some new tenants," said Bradley Fulkerson, the resident and CEO of Realvest Services Inc.

The real estate development and investment firm bought the shopping center in February 2008 and started renovations six months ago.

Colony Plaza has a new roof and air conditioning and mechanical systems.

The front of the shopping center has been changed from concrete to stacked stone, brick and stucco.

The 216,000-square-foot shopping center is 20 years old and was originally built for Wal-Mart, he said, which moved to Deans Bridge Road in 1996.

"Typically we buy shopping centers that need to be renovated, fix them up and then move in new tenants," Mr. Fulkerson said.

The project could exceed $2 million upon completion, said Mark Pritchett, a leasing agent at Meybohm Commercial Properties, which serves as the property management company.

"Within the next 30 days, we should have a couple of tenant announcements," Mr. Pritchett said. "We're really pleased with the response that we're getting."

When Realvest Services bought the property in 2008, almost all tenant leases were set to expire in 2009.

Mr. Fulkerson said he told existing tenants, including Food Lion and Sitel, that if they renewed their leases he would completely remodel the shopping center.

"Food Lion and Sitel have committed to be there for a long time," he said.

Mr. Fulkerson is searching for new clients and said he is negotiating with national restaurant chains.