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RPAI on target with disposition strategy
The remaking of Retail Properties of America is right on track, according to a financial review provided by the Oak Brook, Illinois company. RPAI reported that it has completed $414.8 million worth of dispositions in the year to date, of which $367.2 million were non-target, multi-tenant retail assets. In executing its strategic plan to focus on high-performing markets and properties, RPAI has exited multi-tenant retail operations in Alabama, Colorado, Louisiana, New Mexico, and Ohio. -
Six more Neighborhood Market prototypes sold
Skilken/Gold has announced the sale of six Neighborhood Market stores, one of which was a prototype of Walmart’s new design for its grocery store concept. The Louisiana stores all average about 42,000 sq. ft., including the Baton Rouge location that emerged from Walmart’s “build-to-suit” program initiated in 2014. The Hampshire Companies and a South Korean partner acquired the properties for $78 million.

