Retail Traffic

Ramco-Gershenson Properties Trust acquires West Acres Commons shopping center

Southfield, Mich. – Locally based Ramco-Gershenson Properties Trust recently acquired West Acres Commons located in Flint Township, Mich. as part of a joint venture transaction. The 95,000-sq.-ft. shopping center was purchased for $10.8 million and is anchored by a Farmer Jack Supermarket, a subsidiary of A & P.

According to Dennis Gershenson, president and CEO, “This purchase is consistent with our acquisition philosophy to acquire high quality grocery anchored shopping centers, to which we can add value and are located in demographically strong areas.” It is strategically positioned near Genesee Valley Mall, a 1.3 million sq.-ft. regional shopping center.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish