This is the second shopping center acquisition for Heyman in the last 18 months. Kathy Rorick, director of development for the Hartford, CT-based company said in a released statement, "We are in an aggressive acquisition mode."
James M. Koury, vice president at Spaulding & Slye Colliers, represented Heyman in the deal. "The buyer was able to obtain a shopping center with long-term credit leases and a market dominant anchor tenant in Wal-Mart," he noted in a released statement.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.