August 14, 2014

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Article

Newmark Grubb ACRES to Manage Riverdale Family Center

Press Release

August 14, 2014

Riverdale – Newmark Grubb ACRES Asset Services has signed a agreement to provide property management services for The Family Center at Riverdale.

This 427,805-square-foot property is located at 1038 West Riverdale Road in Riverdale and includes tenants such as SuperTarget, Gordman’s, Sportsman’s Warehouse, Best Buy and PetSmart The property is owned by Cole Credit Property Trust IV, Inc., one of American Realty Capital Property, Inc.’s managed real estate funds.

With this latest assignment, Newmark’s total square footage managed increases to over 10,000,000.

 “We are excited to add such a prominent power center to our management portfolio and look forward to working with such a prestigious client to ensure that the asset meets the company’s operational objectives,” said Gary Coker, Newmark Grubb ACRES’ executive vice president.

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