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Press release content from Business Wire. The AP news staff was not involved in its creation.

Midwest Retail Properties Acquires Three Walmart-Anchored Retail Centers

October 16, 2020 GMT
Aerial Image of Corona Center in Boaz, Alabama (Photo: Business Wire)
Aerial Image of Corona Center in Boaz, Alabama (Photo: Business Wire)

ST. LOUIS--(BUSINESS WIRE)--Oct 16, 2020--

Midwest Retail Properties (“MRP”) announces the acquisition of a portfolio of three Walmart-Anchored Shopping Centers – two properties are in Texas and one property is in Alabama. These properties will add a total of 43,400 SF to MRP’s current portfolio. This acquisition is MRP’s third shadow center purchase in Alabama and third purchase in Texas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201016005005/en/

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Aerial Image of Corona Center in Boaz, Alabama (Photo: Business Wire)

Jacksonville, TX – Jacksonville Plaza is a Walmart-anchored shopping center in Jacksonville, TX. The shopping center is 50% leased and contains national retailers such as Cato & GameStop. Nearby retailers include: Wingstop, Subway, Chili’s, and Jersey Mike’s Subs. The property is located adjacent to a high-performing Walmart Supercenter.

Jasper, TX – Jasper Plaza is a 13,520 SF Walmart-anchored shopping center in Jasper, TX. The shopping center is 61% leased to national and regional tenants. The property is located off Highway 190 next to Lowe’s Home Improvement store directly in front of a Walmart Supercenter. Jasper, TX is located about 2 hours northeast of Houston, TX near Sam Rayburn Reservoir.

Boaz, AL – Corona Center is a 13,500 SF Walmart-anchored shopping center in Boaz, AL. The shopping center is 100% leased. The entire trade area has a high occupancy. The property is located on U.S. Highway 431 in the main retail corridor. The center sits directly in front of a high-performing Walmart Supercenter. Nearby retailers include: Tractor Supply and Harbor Freight.

Midwest Retail Properties is a St. Louis-based private equity real estate firm that owns and manages Walmart-Anchored Shadow Centers in secondary and tertiary locations nationwide. MRP’s current portfolio is comprised of over 1 million square feet of retail space across 15 states. Additional information can be found at www.mrpstl.com.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20201016005005/en/

CONTACT: Mac O’Keefe

mac@mrpstl.com

314.439.8301

KEYWORD: TEXAS ALABAMA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: Midwest Retail Properties

Copyright Business Wire 2020.

PUB: 10/16/2020 11:35 AM/DISC: 10/16/2020 11:35 AM

http://www.businesswire.com/news/home/20201016005005/en