ShopOne Centers REIT Inc., a New York-based provider of a grocery-anchored shopping center investment, management and operating platform, acquired Shoppes on the Parkway, a shopping center situated in Cary, North Carolina.
The amount of the deal was not disclosed.
With the acquisition, ShopOne will unlock additional value for our tenants, investors and the neighborhoods that this property serves.
Shoppes on the Parkway, an approximately 40,000 square foot neighborhood shopping center situated in Cary, North Carolina, an infill submarket of Raleigh. The property, which is 96 percent leased, is anchored by a Fresh Market grocer and contains a diverse roster of local and regional tenants that provide necessity-goods and services that cater to the local residential population.
Led by CEO ShopOne Centers is a fully integrated investment, management and operating platform focused exclusively on designing and executing strategies in U.S. grocery-anchored neighborhood shopping centers through joint venture partnerships with institutional investor clients.
FinSMEs
20/09/2022