Armstrong Capital Development has acquired Parkway Village, a 102,000-square-foot retail center in Provo, Utah. Armstrong bought the property from Nearon Enterprises. This is its first acquisition in the market.
The retail center is 94% leased an anchored by a Walmart, which serves as one of the few grocery stores in the market.
Tom Goodwin of Parr Brown Gee & Loveless represented ACD in the transaction.
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Kelsi Maree Borland
Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
