Cole Buys Delaware Power Center for $37 Million

by Nate Hunter

Millsboro, Del. — The 330,000-square-foot Peninsula Crossing is anchored by Lowe’s Home Improvement and PetSmart.

Millsboro, Del. — The KLNB retail investment sales group has brokered the $37 million sale of Peninsula Crossing, a 330,000-square-foot regional power center in Millsboro, a city in southeast Delaware. Cole Real Estate Investments purchased the shopping center, which is located on Route 113. Lowe’s Home Improvement, BJ’s Wholesale Club and PetSmart anchor the property. Andy Stape, Mat Adler, and Vito Lupo of the KLNB represented the seller, Millsboro Towne Center LLC, in the transaction.

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