The project, which is being constructed alongside Nexus Health, is slated for completion in July 2024.
Mike Mele, Luke Elliot and Devin Beasley assisted the seller, a private investor, in the 1031 transaction.
After a decade of ownership, the REIT sold the 76,768-square-foot property for $9 million.
Conn’s Home Plus and Burlington anchor the newly redeveloped 150,000-square-feet West Central Plaza. The multi-million-dollar project will help meet the high demand for retailers in the area.