Thursday, December 19, 2013

Peninsula Crossing Shopping Center Changes Hands for $37M

Cole Real Estate Investments purchased the Peninsula Crossing Shopping Center at 26676-26688 Centerview Dr. in Millsboro, DE from Millsboro Towne Center LLC for $37 million, or approximately $112 per square foot. 

The 330,000-square-foot power center sits on 77 acres in the Sussex County submarket of Philadelphia. The retail center is anchored by Lowe’s, BJ’s Wholesale Club and PetSmart.

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