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REIT Teams With Local Wilmington Firm to Acquire Harris Teeter-Anchored Center

Preferred Apartment Communities and Harbour Retail Partners Buy Hanover Shopping Center
Hanover Shopping Center is anchored by a Harris Teeter and is located within Wilmington, North Carolina's Oleander Drive retail corridor that has traffic counts of over 48,000 vehicles per day. (CoStar)
Hanover Shopping Center is anchored by a Harris Teeter and is located within Wilmington, North Carolina's Oleander Drive retail corridor that has traffic counts of over 48,000 vehicles per day. (CoStar)
By Sunny Chudgar
CoStar Research
January 3, 2020 | 10:55 P.M.

Real estate investment trust (REIT) Preferred Apartment Communities backed locally based Harbour Retail Partners in a joint venture to acquire the 305,346-square-foot Hanover Shopping Center in Wilmington, North Carolina.

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