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Hanley Closes Sale of Grocery-Anchored Center in NE
Hanley Investment Group Real Estate Advisors recently completed the sale of a 174,000-square-foot, grocery- and drug-anchored shopping center, shadow-anchored by Target in Lincoln, NE.
Hanley represented the seller, Omaha-based Perkins Properties. The buyer, a private investor from Kansas City, MO, was represented by Scott Taubin of The R.H. Johnson Company, also based in Kansas City.
Built in 1991 on 22.06 acres, Edgewood Shopping Center is located at 5400 and 5500 South 56th St. and Nebraska Highway 2, and features 86% national and regional tenants including Super Saver Foods, CVS/pharmacy, Dollar Tree, AutoZone, Herbalife, Party America, Petco, Cartridge World, H&R Block and Papa John’s.
The center was 95% occupied at the time of the sale. Deal terms weren’t disclosed.
The lease for Super Saver, which has operated at Edgewood Shopping Center since 1991, is guaranteed by Associated Wholesale Grocers, Inc., reportedly the nation’s largest cooperative food wholesaler.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

