PHILADELPHIA, PA – United Hampshire US REIT, a Singapore REIT sponsored by UOB Global Capital and the Hampshire Cos., has acquired two grocery-anchored shopping centers along the Interstate 95 corridor.
The acquired properties comprise the 258,494-square-foot center, Penrose Plaza, located at 2900 Island Ave. in Philadelphia, PA, and the 168,326-square-foot center, Colonial Square, located at 3107 Boulevard in the Richmond, VA suburb of Colonial Heights.
The two transactions serve as UHREIT's first post-IPO acquisitions, and represent UHREIT's first acquisitions in the respective states.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
