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STAUNTON, VA-The 86,944-sf space that was once home to anchor tenant Wal-Mart store at Statler Crossing Shopping Center welcomes a new occupant as Fisher Auto Parts Inc. agrees to sublease the vacant space at 851 Statler Blvd. Fisher’s subleasing deal, the financial terms of which have not been disclosed, is scheduled to expire at the end of November 2009.

Located in Augusta County, the 167,000-sf Statler Crossing is owned by Plymouth Meeting, PA’s Kramont Realty Trust and sits in a well-traveled spot between US 11 and US 250 in the heart of the Shenandoah Valley. “This is another example of our continuing, effective and highly disciplined re-tenanting program, “Kramont president and CEO Louis P. Meshon Sr. says of the new arrangement.”Kramont continues to be opportunistic in attracting diverse tenants to our centers, significantly increasing the potential tenant pool, and minimizing the company’s exposure to potential volatility in certain retail markets.” Fisher Auto joins clothing store A&N, China King, Dollar Tree, Pro-Tax, and Sally Beauty in the strip mall.

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