Another Pick'n Save Shopping Center Sold

Ramco-Gershenson Properties Trust  announced today that it has acquired the Shoppes at Fox River a 135,484 square foot shopping center in Waukesha, Wisconsin, (the former Super Value warehouse location) a suburb of Milwaukee, for $23.8 million in an all cash transaction. The Shoppes at Fox River was built in 2009 and is anchored by a 61,045 square foot Pick ‘n Save (Roundy’s Supermarket) and shadow-anchored by a 132,382 square foot Target.

The Cap rate for the sale of three Ramco-Gershenson Properties was a blended 9.1%

Mequon Metro Market

Store on schedule to open March 1, 2010.  This store will be very special, the first ground up Metro Market in the greater Milwauee area.  Roundy's putting its best foot forward in the high end market of Mequon.