The shopping center is comprised of 68,761 square feet of retail space and is anchored by a Hannaford Supermarket.
Bryn Mawr, PA (January 17, 2023) – Haverford Properties Inc., haverfordproperties.com, a real estate investment and development firm based in Bryn Mawr, PA, has added The Plaza at Salmon Run, located at 21082 Pioneer Plaza Drive, Watertown, NY, to its portfolio of commercial properties. The shopping center is comprised of 68,761 square feet of retail space and is anchored by a Hannaford Supermarket.
“We’re pleased to continue our investment in essential-retail assets by adding The Plaza at Salmon Run to our portfolio,” said Haverford Retail Partners Principal, Brian Hickey. “This transaction is a good example of our team’s ability to execute in varying financial climates. Interest rates moved dramatically while we had this property under agreement, and we successfully pivoted to an all-cash closing to minimize execution risk, preserve future financing flexibility and to maximize long-term returns for our investors.”
Haverford Properties will continue to pursue an essential retail strategy and plans to acquire similar centers in target geographies. We welcome opportunities to discuss this acquisition and our investment strategy.