YALE REALTY SERVICES CORP. ANNOUNCES THE ACQUISITION OF NORTH ROAD PLAZA

April 9, 2015

 

 

ORANGEBURG, SC - APRIL 9TH, 2015 - Yale Realty Services Corp., a privately held real estate investment firm that specializes in open air shopping centers, is pleased to announce the acquisition of North Road Plaza in Orangeburg, South Carolina. North Road Plaza is a 50,760 square foot shopping center shadow-anchored by a Super Wal-Mart. Notable tenants include TJ Maxx, CATO, GameStop, Rent-A-Center, Sally Beauty Supply, Shoe Show and Subway.

 

Orangeburg County is located in the midlands region of South Carolina. Orangeburg sits strategically located adjacent to I-95 between the state capital of Columbia, SC (42 miles) and the port of Charleston, SC (70 miles). Additionally, nearby Interstates (I-77 and I-20) link the area with the ever growing markets of Charlotte, NC and Atlanta, GA.

 

North Road Plaza is the company's third acquisition over the past 24 months and continues to focus on acquiring high quality shopping centers in secondary and tertiary markets. According to Luke Gorz, Yale Realty’s Director of Acquisitions, “North Road Plaza is a strong addition to our portfolio of high-quality properties. We are excited to expand our geographic footprint into South Carolina through the acquisition of this dominant shopping center.”

 

Based in Westchester County, NY, the firm owns and operates a portfolio of high yield retail properties in the eastern United States. Established in 1990 by Yale I. Paprin, the vertically-integrated firm focuses on capturing and enhancing value in all facets of the investment process. Yale Realty's current portfolio consists of 14 retail centers totaling nearly 1.0M square feet.

 

For more information, please visit our website at www.YaleRealtyServices.com. For leasing inquiries, please contact Paul Monaco, Director of Leasing, 914.289.0100, pmonaco@yalerealtyservices.com

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