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P.O’B. Montgomery Acquires Retail Center In Hartland, Wisconsin

08-04-2010 09:08 AM CET | Industry, Real Estate & Construction

Press release from: P.O'B Montgomery

/ PR Agency: Pugliese Creative
Cottonwood Plaza in Hartland, Wisconsin was acquired by P.O'.B. Montgomery

Cottonwood Plaza in Hartland, Wisconsin was acquired by P.O'.B. Montgomery

DALLAS, TX – August 3, 2010 -- Dallas-based P. O'B. Montgomery & Company has announced that their purchase of Cottonwood Plaza Shopping Center, in Hartland, Wisconsin, closed on July 22. The 54,693 square feet shopping complex, located at 505-517 Cottonwood Avenue in Hartland, is anchored by Piggly Wiggly and Fox Brothers along with additional in-line tenants.

Commenting on the transaction, P.O’B. Montgomery President, Phil Montgomery said, “This is a strong regional grocery-anchored center. The acquisition of Cottonwood Plaza is an example of the P.O’B Montgomery approach of the purchase of well-positioned grocery-anchored product in primary as well as secondary markets.”

The key individual in the acquisition for P.O’B Montgomery was Director of Acquisitions, Nick Tortorice. Financing was provided by Protective Life Corporation.

Mid America Real Estate of Milwaukee will spearhead leasing of the center. Management of Cottonwood Plaza will be the responsibility of Siegel-Gallagher of Milwaukee.

For further information, contact Nick Tortorice at P. O'B. Montgomery & Company at 972-455-4907 or visit the company’s website at www.pobmontgomery.com.

About P. O'B. Montgomery & Company:

Originally founded in 1919 as P.O'B. Montgomery, Builders, Engineers by Philip O'Bryan Montgomery, Sr., P.O'B. Montgomery & Company was reestablished in 1980 by Philip Montgomery as a real estate investment and development firm. The company specializes in the ownership, operation, acquisition, and development of neighborhood and community shopping centers. Since 1980, the company has owned and operated more than five million square feet of neighborhood and community shopping center properties throughout the continental United States, including Texas, California, the Pacific Northwest, the Mountain States, the Midwest, Southeast, Southwest and Alaska. The company is headquartered in Dallas. For more information about P.O'B. Montgomery & Company, visit the company’s Web site at www.pobmontgomery.com.

Contact: Betty Armao, Executive Administrator
972-455-4908
barmao@pobmontgomery.com
P. O’B. Montgomery & Company
13760 Noel Road, Suite 1150
Dallas, Texas 75240

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