The acquisition in line with the REIT "strategy of investing in high quality properties in detail in areas of high population," said George McKenzie, president and CEO of Scripture, in a prepared statement. The 199 000 square meters of property, anchored by grocery shoppers. warehouse is located near the main intersection of Georgia Avenue and Spring Road sand company was able to return a call to GlobeSt.com in time for publication in Rockville, MD-Washington Real Estate Investment Trust (NYSE: WRE) . has acquired a shopping center's anchor store in Olney, MD $ 58 million.
Is expected to return the first year of leverage of 6.7% in cash. Built in 1979, 98.7% were Olney Village Center is rented to 32 tenants such as TJ Maxx, HomeGoods, and SunTrust Bank. The structure was renovated in 2003. As part of the transaction, the ACT is to take a $ 22.6 million with an interest rate of 6.37% mortgage notes due 2023.
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