Contact Information: Media Contacts: David Gutierrez Dresner Corporate Services 312-780-7204 dgutierrez@dresnerco.com Philip Kranz Dresner Corporate Services 312-780-7240 pkranz@dresnerco.com
WexTrust Capital Announces Sale of Maryland Shopping Center
Class A Grocery-Anchored Retail Center Located in Baltimore Suburb
| Source: WexTrust Capital, LLC
CHICAGO, IL -- (MARKET WIRE) -- May 7, 2007 -- WexTrust Capital, through its affiliate Hyde
Park Investors, LLC, announced today that is has sold a Class A
grocery-anchored retail center located in Essex, Maryland to a Boston-based
investment advisor. Terms of the sale were not disclosed. The buyer was
represented in the sale by Tim Hearn of KLNB Management.
Known to area shoppers as "Hyde Park Station," the property is located at
1565 Hyde Park Road, in between Southeast Blvd. to the west and Back River
Neck Road to the east. It is situated on a highly visible parcel
containing approximately 7.46 acres of land and features 57,077 square feet
of rentable space. The one story structure contains 8 tenant suites
ranging from 1,200 square feet to 37,119 square feet, and is anchored by a
Food Lion full-service grocery store.
Essex, a suburb of Baltimore, is located approximately 7 miles southeast of
Baltimore on a peninsula surrounded by the Back River and Middle River,
which are inlets of the Chesapeake Bay. As of the 2000 Census, there were
39,078 people residing in the City of Essex. Essex can be accessed via
Interstate 695 (I-695).
"Grocery-anchored shopping centers continue to be among the most actively
pursued asset types by long-term real estate investors," said Matt Gurvey,
investment advisor for WexTrust Capital. "We are pleased to have completed
this transaction, and in-turn delivered 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.