Wheeler REIT to Acquire Retail Center in Lexington for $6.1 Million

Lexington, Ky. – Bryan Station is fully leased to tenants such as Planet Fitness, Shoe Carnival, Rent-A-Center and Cato Fashion.

Bryan Station, built in Lexington, Ky., in 1995, was acquired by Wheeler REIT.Lexington, Ky. – Wheeler REIT has assumed a contract previously entered into by Wheeler Interests LLC to acquire Bryan Station, a 67,177-square-foot retail center in Lexington, for roughly $6.1 million. Wheeler REIT expects to acquire the asset using a combination of cash and debt. The property is fully leased to tenants such as Planet Fitness, Shoe Carnival, Rent-A-Center and Cato Fashion. The retail center, built in 1995, is shadow-anchored by Kroger.

   John Nelson

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