Search
 

Wheeler REIT Buys 14-Asset Portfolio for $71M

VIRGINIA BEACH, VA—The grocery-anchored retail portfolio is located throughout South Carolina and Georgia.

By Erika Morphy | erikamorphy | Updated on April 13, 2016

One of the properties in the portfolio: The Shoppes at Litchfield Market One of the properties in the portfolio: The Shoppes at Litchfield Market

VIRGINIA BEACH, VA—Wheeler REIT, which has been building up its portfolio over the last few years steadily acquiring one or two assets at a time, has scooped up a 14-property portfolio for $71 million, or $117.72 per leasable square foot. It is the REIT’s largest acquisition to date.

The grocery-anchored shopping centers are located in South Carolina and Georgia. It totals about 603,142-square feet and is 92% leased. The anchors are typically Harris Teeter, Bi-Lo and Piggy-Wiggly.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.