Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
SSG Realty Partners, Hanley Investment Group Sell MT Shopping Center
SSG Realty Partners and Hanley Investment Group Real Estate Advisors arranged the sale of Westwood Plaza, a 69,909-square-foot, 100%-occupied regional shopping center in Great Falls, Montana. The center is anchored by TJ Maxx, Staples, Dollar Tree, ULTA Beauty, and Mattress Firm and shadow-anchored by Sam’s Club, Ace Hardware, and North 40 Outfitters.
Greg Swedelson and Jon-Eric Greene of SSG Realty Partners, along with Hanley Investment Group’s Bill Asher, Beau Velten, as well as Scott Reid of ParaSell, Inc., represented the seller, a private investor from northern Michigan. The buyer, an East Coast-based private investment firm, represented themselves.
“Westwood Plaza is the third-ranked shopping center in Montana and is surrounded by high-performing complementary national tenants that generate significant daily customer traffic and draw from a large regional trade area,” said Swedelson. Located at 135-209 Northwest Bypass in Great Falls, the center is situated at a signalized intersection with nearly 51,000 cars per day.
