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Fountain Mathes I acquires shopping center portfolio
New York -- Fountain Capital and Cheney & Mathes Properties have announced through their partnership, Fountain Mathes I, that they have acquired a 450,000-sq.-ft. portfolio of retail shopping centers with 16 properties in 10 states. Each center is shadow-anchored by Wal-Mart projects.
The centers largely contain national credit tenants such as AT&T, Cato, Dollar Tree, GameStop, Hibbett Sports, Payless and Shoe Show. The portfolio is 95% occupied.
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Full steam ahead for Target’s 33 Canadian store openings in November
Target Canada is on schedule to open 33 additional Canadian store locations spanning across nine provinces, including its first stores in New Brunswick, Prince Edward Island and Newfoundland.
The retailer plans to open 31 stores Nov. 13, and the remaining two Nov. 22. Target will announce additional store openings beyond 2013 at a later date.