Ramco-Gershenson Properties acquires Buttermilk Towne Center for $42M

|About: Ramco Gershenson Propert... (RPT)|By:, SA News Editor

The 278K square foot shopping center in Crescent Springs, KY is anchored by Home Depot, Field & Stream (Dick's), LA Fitness, and Remke Market. The property includes land for the development of up to six outparcels and room to build another 22K square feet of retail space.

Ramco-Gershenson Properties Trust (NYSE:RPT) funded the purchase with cash on hand from the recent equity offering. It's RPT's third Cincinnati market acquisition.