Emmes & Co. is storing up.Emmes & Company LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has acquired five shopping centers from a single owner, Centro Watt, an affiliate of Melbourne, Australia-based Centro Properties Limited. The total purchase price was $55 million, or an average of $65 per square foot. The package was financed by M&T Bank. The shopping centers are all located along the Northeast corridor This article is about a rail line. For the agglomeration of metropolitan areas, see BosWash. For the New Jersey Transit line, see Northeast Corridor Line. The Northeast Corridor (NEC : One in Bensalem, Philadelphia, one in Dickson City, Scranton, two in Manchester, CT, and one in East Providence, Rhode Island East Providence is a city in Providence County, Rhode Island, United States. The population was 48,688 at the 2000 census, making it the fifth largest city in the state. It is a suburb of Providence. . The combined Gross Leasable Area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. is approximately 842,000 s/f of which 67% is occupied. "This acquisition is completely aligned with Emmes' investing approach," commented Richard Coles, Partner of Emmes & Company. "This portfolio is located in attractive markets, but is currently under-leased and in need of capital improvements. Through an all-encompassing repositioning program, we expect to quickly realize value on this investment." |
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