A group of Long Island investors has sold a retail strip center
in Connecticut for $5.527 million.
(SSE: PARAUCO) (Bloomberg: PARAUCO: CI) has acquired LarrainVial Investment Fund Patio Renta Inmobiliaria's 47% participation in their joint Arauco Express strip center
business, which corresponds to 54,880 shares at a price per share of 18.1175 UF for a total of 994,288 UF (approximately USD 42m), the companys said.
The strip center
segment has presented its share of challenges," said Mausour, "but it is improving steadily, along with the entire retail sector and lending market.
Route 4 Strip Center
, a new 13,124 s/f retail center located at 231 Route 4 anchored by Citibank, Sprint and PAV Digital Photo Studio.
NWL will be the anchor for the strip center
, which opened its doors on November 14.
* $2,300,000 for a 7,300 s/f commercial strip center
containing 6 units, located in Greenvale, Nassau County, New York.
* A 28,500 s/f strip center
located at 171 US Route 1 at Ford Avenue, Woodbridge.
Butler, New Jersey: Birchwell Shopping Center, a 15,000 s/f strip center
lat 1295 Route 23 South.
* An $11.4 million acquisition loan was secured for a 42,000 s/ f strip center
located in Farmingdale, N.Y.
* A $2.25 million loan for a retail strip center
in Trexel, Penn.;
* A $2.4 million loan for a 5,000 s/f retail strip center
on 21st St.