The center was developed in 1989 and is currently 98% occupied. Among its tenants are Blockbuster Video, Family Dollar, Save-A-Lot Foods, Fleet Bank, and Radio Shack. The property will be managed by the Cornerstone Company of Farmington, Connecticut.

Phil Schoneberger of Albemarle Equities, LLC, notes that the acquisition of the center "posed some unique challenges" and he attributes the success of the deal to the help of the company's lender, Peoples Bank. Spaulding & Slye's Millerd adds that the previous owners managed to strategically reposition this asset making it a "fundamentally sound center" that has the potential to provide its new owners with long-term cash flow.

Despite the difficulties most sectors of the commercial real estate market have been facing with the recession, the shopping center sector has managed to remain stable both in level of activity and in pricing. Local industry experts attribute this to long-term leases and a typically loyal customer base, especially in supermarket-anchored shopping centers.