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%
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