The 133,611-sf property is anchored by a Giant Supermarket. Other tenants include Outback Steakhouse, Blockbuster Video, Dollar Tree, First Union Bank, GNC and a freestanding CVS pharmacy.
"Village West meets all of our stringent acquisition criteria, becoming immediately accretive to FFO beginning in 2002, offering the potential for increased profitability and being tenanted by strong retailers," says Kramont president and CEO Louis P. Meshon Sr.
Kramont is a self-administered, self-managed equity REIT specializing in neighborhood and community shopping center acquisition, leasing, development and management. The company owns, operates, manages and has under development 87 properties encompassing approximately 11.6 million sf of leasable space in 16 states.
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