Agree Realty Corp. (ADC) Closes Sale of Two Kmart-Anchored Shopping Centers
Agree Realty Corporation (NYSE: ADC) today announced that it has closed on the sale of the Plymouth Commons shopping center and the Shawano Plaza shopping center. The two shopping centers are located in tertiary markets in central Wisconsin. The 161,000 square foot Plymouth Commons shopping center is anchored by Kmart in 86,479 square feet and Pick'n Save in 39,352 square feet. The 193,000 square foot Shawano Plaza shopping center is anchored by Kmart in 86,479 square feet, Pick'n Save in 47,047 square feet and JCPenney in 22,204 square feet. The properties were sold for approximately $7,400,000.
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