Contact Information: Media Contacts: David Gutierrez Dresner Corporate Services 312-780-7204 dgutierrez@dresnerco.com Joshua Taustein Dresner Corporate Services 312-780-7219 jtaustein@dresnerco.com
WexTrust Capital Announces Acquisition of Burlington Wisconsin Shopping Center
| Source: WexTrust Capital, LLC
CHICAGO, IL--(Marketwire - August 20, 2007) - WexTrust Capital, through its affiliate S. Pine
Street Investors, LLC, has acquired the Pinecrest Shopping Center located
in Burlington, Wis. The property includes two single-story retail
buildings with a total of 102,054 square feet. Its 13 tenant suites are
anchored by a Sentry Foods full-service grocery store, and has had a 100
percent occupancy rate since 2003. Terms of the transaction were not
disclosed.
Located at 156 - 248 South Pine Street in Burlington, the property has
excellent access to Highway 11, Highway 142 and Highway 83, the main
highways in the area. Burlington also offers access to large population
centers as it is only 30 minutes from Milwaukee and 90 minutes from
Madison, Wis. and Chicago. The population is approximately 10,000 with
anticipated population growth of 6.5 percent over the next five years.
"The Pinecrest Shopping Center is well-maintained and situated in a
high-traffic area in the middle of commercial and residential spaces,
making it an ideal investment," said Matt Gurvey, investment advisor for
WexTrust Capital. "The mix of solid population growth and strong income
levels makes the property a desirable retail location and should return a
significant return on investment to our investors."
About WexTrust Capital
WexTrust Capital is a globally diversified private equity and specialty
finance company with a proven track record for protecting its clients'
assets and delivering a superior return-on-investment through its diverse
portfolio of principal investments. WexTrust Capital specializes in unique
investment opportunities ranging from real estate to specialty finance and
investment banking. Headquartered in Chicago, the company also maintains
offices in New York, Norfolk, Va., Atlanta, Boca Raton, Fla., Nashville,
Tenn., Tel Aviv, Israel, and Johannesburg, South Africa. More information
can be found at www.wextrust.com.