CenterSquare acquires Wilmington, N.C.–based essential service retail property
CenterSquare announced the acquisition of The Forum, a 105,785-square-foot essential service retail property in Wilmington, N.C. The property is located within the premier retail node of the Wilmington MSA with direct accessibility via Highway 17, which sees an estimated 39,000 vehicles per day.
The property is currently 100 percent occupied by a balanced lineup of national, regional and local tenants including Dunkin, Jimmy John’s, Club Pilates, UPS, Chop’t, Bento Box, True Blue Butcher and Osteria Cicchetti.
The investment aligns with CenterSquare’s strategy of targeting unanchored, high-quality essential service retail centers in strong demographic submarkets.