The fully occupied properties are Oxon Hill, MD's 16,155-sfEastover Plaza, and the 6,116-sf J Walker Shopping Center in theDistrict. While the two diminutive retail centers may seem likeunsubstantial additions to the company's portfolio, they havealternate value for UrbanAmerica.
"The purchase of these properties, although small at a total ofjust under $4 million was strategic in nature given that bothproperties are connected to our supermarket anchored centers,Eastover Shopping Center and the East River Shopping Center," saysUrbanAmerica president and CEO Richmond S. McCoy.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
