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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