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

"Front Range Village is a very exciting acquisition thatfeatures a strong line-up of the nation's top retailers located ina dynamic, rapidly growing market. Front Range Village, our thirdColorado asset, is initially accretive and provides the opportunityto create additional value through the development of up to 100,000square feet of retail space," said DennisGershenson, president and chief executive officer."Further, we were able to secure the funding of this acquisitionthrough private placement debt at very attractive interestrates."

Front Range Village encompasses approximately 810,000square feet (460,000 square feet owned by the company) andis anchored by Target (shadow),Lowe's (shadow), Sprout's Market, DSW,Cost Plus World Market, Staples, Party City, Toys 'R Us/Babies 'RUS, and The Sports Authority. Front RangeVillage also features a number of unique-to-market and specialtyretailers including, Sephora, Charming Charlie, Pure Barre,Runner's Roost, Learning Express, Mathnasium, KayJewelers, ULTA Beauty, Crazy 8, Claire's, LaneBryant, Five Guys Burgers and Fries, Spice & Tea Exchange,Qdoba, and Panera Bread.