Prudent Growth Purchases Whipple Bradley Plaza in Ohio

Whats Happening:

Prudent Growth Partners, a private equity real estate fund based in Chapel Hill and Charlotte, NC, has completed the purchase of Whipple Bradley Plaza in Canton, Ohio for $2.73 million. The 20,751-square-foot shopping center, built in 1999, is strategically located in a thriving retail corridor and features seven tenants with staggered lease expirations.

Key Moves:

• Prudent Growth Partners acquires Whipple Bradley Plaza for $2.73 million

• The 20,751-square-foot shopping center is located in Canton, Ohio

• Property features 7 tenants with staggered lease expirations

By The Numbers:

• Whipple Bradley Plaza is 20,751 square feet

• The property was purchased for $2.73 million

• Daily traffic count on Whipple Avenue is 24,590 vehicles

Key Quotes:

• "We are excited to add Whipple Bradley Plaza to our growing portfolio of high-performing retail assets," said Tom Hahn, President of Prudent Growth Partners, LLC.

• "This property has a strategic location in a visible and active area of Canton, which continues to demonstrate resilience and growth, and we're proud to be part of its future."

Bottom Line:

Prudent Growth Partners' acquisition of Whipple Bradley Plaza demonstrates the fund's strategy of investing in overlooked properties with potential for exceptional returns. The purchase expands their portfolio in Ohio and aligns with their focus on properties that offer both immediate returns and long-term capital gains potential through expert management and future price appreciation.

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