Wheeler acquires Oklahoma property for shopping center
Virginia Beach-based Wheeler Real Estate Investment Trust Inc. has acquired for $2.4 million a 7.2-acre property in Oklahoma where the company plans to develop a shopping center.
The Grove, Okla., property is the future of the Harbor Pointe Shopping Center. It is near a Harp’s Food Store also owned by Wheeler. Together, the two properties will have a potential total gross leasable area of 77,225 square feet.
Grove is located in Delaware County, Okla., which has been identified as the fastest growing community in the state. The county has a population of nearly 41,500 people.
Wheeler’s real estate portfolio includes properties primarily leased by nationally and regionally recognized retailers of consumer goods located in the Northeast, mid-Atlantic, Southeast and Southwest regions of the U.S.