Charter Realty & Development Corp. Acquires White City Shopping Center
Charter Realty & Development, Corp. announces the acquisition of White City Shopping Center & White City East Shopping Center, located in Shrewsbury, MA for a total purchase price of $56 million. White City Shopping Center is a supermarket-anchored retail center located on Route 9, just outside the City of Worcester, MA and the adjacent White City East is located just across Quinsigamond Avenue.
White City was constructed in the early 1960’s, and has been owned and managed by its original developer since that time. The two centers are approximately 95% leased with a mix of national and local tenants such as Shaw’s Supermarkets, World Gym, Dress Barn, iparty, Austin’s Liquors, and Michael’s. The centers total approximately 280,000 square feet, and have been a mainstay in the Worcester retail market for decades.