Unison Realty Partners acquires Fairbanks Plaza for $13.465 million: seller is an affiliate of Heyman Properties
November 28, 2014 - Retail
"We are extremely pleased with the acquisition of Fairbanks Plaza. We are actively growing our portfolio of groceryanchored shopping centers in the Northeast and we are looking at several opportunities in the mid-Atlantic region. Keeping in step with our investment philosophy, Fairbanks Plaza is very well positioned in its trade area and boasts strong anchors, including a grocer, with long term leases in place. We plan to add substantial value thanks to our handson management and our extensive industry relationships. We will strive to make a positive contribution to the community and serve our tenants the best we can," said Karim Fadel, president of Unison Realty Partners.