GOVERNOR’S POINT RETAIL COMPLEX SELLS IN OHIO

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DEERFIELD TOWNSHIP, OHIO — Encore Retail, a subsidiary of Dallas-based Encore Enterprises, has acquired Governor’s Point, a retail complex located on Mason-Montgomery Road in Deerfield. The 360,000-square-foot center consists of the 161,061-square-foot Governor’s Point North and the 198,940-square-foot Governor’s Point South. Tenants include Lowe’s Home Improvement Warehouse, Bigg’s Supervalu supermarket, Staples, Mattress Warehouse, Chipotle, UPS and T-Mobile. The property was built by owner/developer, Duke Realty Corp., in 1998. Encore Opportunity Fund, a $150 million equity fund in which Encore Equities is a partner, is funding the acquisition. Encore Equities is also a subsidiary of Encore Enterprises. The acquisition price was not disclosed.

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