Wheeler
Real Estate Investment Trust announced it has closed on the acquisition of
Winslow Plaza, a 40,695-square-foot shopping center in Berlin-Cross Keys Road
in Sicklerville, N.J., located 21 miles south of Philadelphia and just east of
the Atlantic City Expressway. The purchase price was around $6.6 million, or
$162 per leasable square foot. The property was purchased through a combination
of cash and debt.
The
acquisition of this shopping center near the Atlantic City Expressway, a major
thoroughfare connecting the Philadelphia metropolitan area with Atlantic City,
marks Wheeler’s first geographic presence in the state of New Jersey.
Wheeler
is nearing the end of its first year operating as a public company, and the
acquisition of Winslow Plaza brings the company’s property portfolio to more
than 1 million square feet of gross leasable area.
Wheeler
is headquartered in Virginia Beach, Va., and specializes in owning, acquiring,
financing, developing, renovating, leasing, and managing income-producing
assets, including community centers, neighborhood centers, strip centers, and
freestanding retail properties. The company’s portfolio contains strategically
selected properties that are mainly leased by nationally and regionally
recognized consumer goods retailers located in the Mid-Atlantic, Southeast, and
Southwest regions of the U.S.
For
more information, visit www.whlr.us
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
