BET Investments Acquires the Southdale Shopping Center in West Palm Beach, FL

BET Investments Acquires the Southdale Shopping Center in West Palm Beach, FL

January 2011 – BET Investments, a Horsham, PA-based real estate investment, management and development firm recently acquired the Southdale Shopping Center in West Palm Beach, FL for $12,925,000. “We are pleased to announce the acquisition of Southdale as part of an aggressive acquisition plan to significantly expand our real estate portfolio” said Michael P. Markman, President of BET Investments.

Southdale, containing 87,556 square feet, is 100% leased and anchored by Publix, CVS, and a free-standing Wachovia Bank. “Southdale fits squarely within our plans to acquire grocery or discount anchored retail properties that are well calibrated to serve to their local markets, both now and well into this new decade” said Jason I. Zisser, recently hired as BET Investments’ Vice President of Acquisitions.

BET Investments presently owns and operates over 2 million square feet of retail properties in twelve states. In addition to its retail portfolio, BET owns and manages a large portfolio of office buildings concentrated in the Philadelphia MSA, as well as several planned residential and mixed use development sites throughout the U.S.

 

Founded by Bruce E. Toll and Michael Markman in 1998, BET Investments plans to acquire over $500 million of carefully selected real estate assets throughout the United States over the next two years. BET Investments lean management structure and substantial liquidity enable it to quickly respond to unique opportunities in a rapidly evolving real estate market.

For more information on BET Investments please visit www.betinvestments.com or contact:

Michael P. Markman (215) 938-7115; mmarkman@betinvestments.com

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