MILFORD, CONN., AND ROBINSON TOWNSHIP, PA. — A joint venture between O'Connor Capital Partners and Wafra Investment Advisory Group has teamed up with The Wilder Companies to acquire two shopping center properties in Connecticut and Pennsylvania. The first property is Milford Marketplace, a 122,000-square-foot, open-air center located in Milford. Completed in 2007, the center is anchored by Whole Foods Market. In the second deal, the partnership purchased an ownership interest in Phase I of Settlers Ridge in the Pittsburgh suburb of Robinson Township. Phase I comprises 400,000 square feet of space anchored by Giant Eagle Market District, REI, LA Fitness, Barnes & Noble and a 16-screen Cinemark theater. It opened in 2009. Both centers were developed and were previously managed by CBL Properties. Wilder will assume management and leasing responsibilities going forward.
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