Investor bags grocery-anchored shopping center in Gladstone

Prospect Plaza, a 190,000-square-foot grocery-anchored shopping center in Gladstone, has changed hands.

An affiliate of Northeast Capital Group, a private investment firm based in Ramapo, New York, bought the center from Brixmor Property Group (NYSE: BRX), a New York City-based real estate investment trust that owns and operates high-quality, open-air retail centers.

The seller was represented by Chicago-based Holliday Fenoglio Fowler LP.

According to a release from Holliday Fenoglio, Prospect…

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Source: Homes and Lifestyle