A Wheeler REIT holdingNORFOLK, VA–Wheeler REIT has acquired a 887,917-square foot shopping center for $85.65 million, or $96 per leasable square foot. This purchase of JANAF Shopping Yard includes the assumption of $58.4 million of mortgage loans.
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Wheeler REIT Buys Norfolk Shopping Center For $86M
It is paying approximately $96 per square foot for the 887,917-square foot JANAF Shopping Yard, including the assumption of $58.4 million of mortgage loans secured by the property.
A Wheeler REIT holding
Erika Morphy ›
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
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