PHOENIX-Despite the challenging economic environment, Cole Real Estate Investments has added about $300 million in assets in a one-month buying spree, bringing its year-to-date total to more than $1 billion. The 54 assets total nearly 1.6 million sf. The September acquisitions included a Lowe's home-improvement story in Chester, NY; BJ's Wholesale Club in Ft. Lauderdale, FL; Home Depot in San Francisco; and Winter Garden Village at 3251 Daniels Rd. in Winter Garden, FL just outside Orlando. The 1.1-million-sf Winter Garden represents $180 million of the September tab. Michael Stubben, vice president of portfolio management for the Phoenix-based Cole, says investment activities were limited during the first half of the year and picked up the pace in July when it spent about $147 million on seven properties totaling 1.3 million...
[read full story]
Your Web Site
