SOURCE: WexTrust Capital, LLC

May 07, 2007 10:44 ET

WexTrust Capital Announces Sale of Maryland Shopping Center

Class A Grocery-Anchored Retail Center Located in Baltimore Suburb

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.

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