Somera snags Aurora Park shopping center.
This acquisition is Somera Capital's first joint venture with Southwestern Investment Group, a Colorado-based real estate investment, development and management company, whose principals have very strong real estate backgrounds and significant experience in the shopping center market.
SWIG will be responsible for overseeing the rehabilitation at Aurora Park Shopping Center, and for leasing and managing the property.
Built in 1978, with little done to maintain the property in the last few years, it requires significant capital improvements.
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|Publication:||Real Estate Weekly|
|Date:||Apr 2, 2008|
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