News Center / Tower Realty Investments Purchases Badger Plaza

Tower Realty Investments Purchases Badger Plaza

Baltimore-based Tower Realty Investments ("TRI") recently completed the acquisition of Badger Plaza, a 157,150 square foot grocery anchored center in Racine, WI. The center is anchored by Piggly Wiggly, Big Lots, and Blockbuster. TRI plans to capitalize on the outstanding long-term location and service-oriented tenant mix to implement a comprehensive business plan designed to maximize the value of the center through selective re-tenanting, operational cost engineering, and property management focus.

"Badger Plaza is an excellent example of what we want to buy. The center is well located, has a strong performing grocery anchor with good lease term remaining, and the upside potential of vacant space in a solid market”- Nate Tower.
Badger Plaza is ideally situated at the corner of Durand Avenue and Kentucky Street in Racine, Wisconsin. Within a three-mile radius of the center, there are 71,068 residents earning an average household income of $57,400. Badger Plaza is perfectly positioned to provide convenient grocery and specialty retail options to these population densities.

| Category: Company News

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