AGREE SELLS TWO KMART ANCHORED SHOPPING CENTERS

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PLYMOUTH AND SHAWANO, WIS. — Agree Realty Corp. has sold the Plymouth Commons shopping center and the Shawano Plaza shopping center in Wisconsin for $7.4 million. The 161,000-square-foot Plymouth Commons in Plymouth is anchored by an 86,479-square-foot Kmart and a 39,352-square-foot Pick'n Save. The 193,000-square-foot Shawano Plaza in Shawano is anchored by a 86,479-square-foot Kmart and a 47,047-square-foot Pick'n Save. Agree plans to redeploy the capital into acquiring and developing single-tenant properties, net leased to leading retailers.

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