CenterSquare Investment Management Acquires Retail Center In Wilmington, NC For $22.4M With Loan From Nationwide Life & Annuity Insurance Co | 1125 Military Cutoff Road | Nationwide | Retail | Loan

Summary

Loan

NORTH CAROLINA

Retail

105,785 sqft

Todd Briddell, the CEO of CenterSquare Investment Management, has acquired The Forum, a 105,785-square-foot retail center located at 1125 Military Cutoff Road in Wilmington, North Carolina. The acquisition of The Forum marks CenterSquare’s 15th service property purchase in the Southeast market and 37th nationwide.

Summary of transaction details

Property Type: Retail
Transaction Amount: $22,400,000
Square Footage: 105,785
Address: 1125 Military Cutoff Road, Wilmington, NC
Market: Wilmington, NC
Acres: 13.6

The lender for this acquisition was Nationwide Life & Annuity Insurance Co. The landlord, Todd Briddell, represented CenterSquare Investment Management in the deal.

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Lenders
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Nationwide

Details

Deal Summary

FINANCED

IMAGE: Todd Briddell DATE: 09/12/2023 ADDRESS: 1125 Military Cutoff Road MARKET: Wilmington, NC ASSET TYPE: Retail ~ SF: 105,785 ~ ACRES: 13.6 LENDER: Nationwide Life & Annuity Insurance Co LANDLORD: Todd Briddell - CenterSquare Investment Management LOAN AMOUNT: $22,400,000 LOAN TYPE: Acquisition NOTE: CenterSquare Investment Management has acquired The Forum, a 105,785-square-foot retail center in Wilmington, North Carolina,. The acquisition of The Forum marks CenterSquare’s 15th service property purchase in the Southeast market and 37th nationwide.

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Address1125 Military Cutoff Road

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