CHAPEL HILL, NC-A joint venture led by the The Kalikow Group acquired a 113,000-square-foot grocery-anchored shopping center. Its newly formed joint venture entity dubbed KEP Rams Plaza paid $13.25 million for Rams Plaza Shopping Center.
Argus Properties is a joint venture partner in the acquisition through its Argus Rams Plaza subsidiary. BCP Rams Plaza, a Florida limited liability, is the third member of the joint venture acquisition team. Retail Strategies is the leasing agent for Rams Plaza.
Greg Kalikow, vice president of The Kalikow Group, tells GlobeSt.com the joint venture plans to renovate of the 30-year-old shopping center. The trio plans to spend at least $1.5 million on the property’s fa
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