Big V Capital Purchases Three Shopping Centers in the Southeast for $24 Million

The Village at Myrtle Grove in Wilmington, North Carolina, was 87 percent leased at the time of sale to tenants such as Staples. The Village at Myrtle Grove in Wilmington, North Carolina, was 87 percent leased at the time of sale to tenants such as Staples.

Florida, N.Y. — Big V Capital LLC, the investment management affiliate of New York-based Big V Properties, has closed on the purchase of three shopping centers in the Southeast for a combined $24 million.

The properties include the 74,370-square-foot Village at Myrtle Grove in Wilmington, North Carolina; the 180,194-square-foot Lancer Center in Lancaster, South Carolina; and the 203,876-square-foot Lanier Plaza Shopping Center in Brunswick, Georgia.

Village at Myrtle Grove was 87 percent leased at the time of sale to tenants such as Staples; Lancer Center was 89 percent leased to Big Lots, Citi Trends, Pet Sense and Bi-Lo; and Lanier Plaza was 81 percent leased to Winn-Dixie, Dollar Tree, Rent-A-Center and Habitat for Humanity.

With the purchase of these three assets, Big V Properties owns and/or operates 31 Class A and B shopping centers totaling roughly 3 million square feet.

Cushman & Wakefield represented the seller, Ziff Properties Inc., in the transaction. 

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