FORT COLLINS, CO—Ramco-Gershenson Properties Trust has acquired Front Range Village, a shadow-anchored retail center in Fort Collins, for $128.3 million.

“Front Range Village is a very exciting acquisition that features a strong line-up of the nation’s top retailers located in a dynamic, rapidly growing market. Front Range Village, our third Colorado asset, is initially accretive and provides the opportunity to create additional value through the development of up to 100,000 square feet of retail space,” said Dennis Gershenson, president and chief executive officer. “Further, we were able to secure the funding of this acquisition through private placement debt at very attractive interest rates.”

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