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AlbaneseCormier Expands National Footprint with Strategic Acquisition of 714,000 Square Foot Open-Air Retail Portfolio [Yahoo! Finance]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
shopping centers, has acquired a four-property portfolio totaling 714,054 square feet across Alabama, Wisconsin, and Michigan. This strategic purchase marks AC's first acquisition in the state of Wisconsin and further expands the firm's presence in Alabama and Michigan. Assets in the portfolio include: McGowin Park (374,881 SF) in Mobile, Alabama Bison Hollow Shopping Center (134,798 SF) in Traverse City, Michigan Oak Brook Square (152,073 SF) in Flint, Michigan PetSmart & Dick's Anchored Shopping Center (52,302 SF) in Oshkosh, Wisconsin The portfolio boasts more than 50 tenants, anchored by leading national brands such as a separately owned Costco, Dick's House of Sports, HomeGoods, TJ Maxx, Hobby Lobby, Petco, Old Navy, Sketchers, Ashley Furniture, Starbucks, and more. "This acquisition provided a unique opportunity to expand our Midwest portfolio with immediate accretive cash flow, while adding one the most dominant super regional centers in the Southeast United States
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