Tuesday, July 8, 2014

Local Investor Acquires Hamlet Shopping Center

Pantano Real Estate acquired the Hamlet Shopping Center at 1035 Walker Rd. in Dover, DE from Thompson & Thompson LLC for $3 million, or about $87 per square foot. 

The 34,605-square-foot retail strip was operating at 24.5 percent vacancy rate at the time of purchase. 

The buyer funded the acquisition in-part with a new loan from Fulton Bank for $1.95 million. 


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