Property details

Miracle Mile Shopping Center

Investment type

Value Add

Asset Class

Retail

Ownership Structure

Joint Venture

Year Acquired

2017

Investment Summary

Syndicated invested alongside M&J Wilkow in the acquisition of Miracle Mile, 298,694 square feet, regional shopping center. Situated on 29.46 acres, the Property was originally developed in 1954 but underwent major renovations in 2006.

The Property is accessible via William Penn Highway (US Business Route 22) which, at the nearest intersection less than half a mile away, has average daily traffic counts of approximately 19,500 vehicles.