Shopping center at Zephyr Cove acquired
The Round Hill Square Shopping Center at Zephyr Cove has been acquired by a New York investment firm.
Retail Opportunity Investments Corp. of Purchase, N.Y., said last week it acquired the 117,000-square-foot center through a sale in lieu of foreclosure.
The investments firm had acquired a mortgage note on the shopping center property in August, paying $22 million.
The center anchored by a Safeway store is currently 73 percent leased.
Heather Ashbridge, who started with Nevada State Development Corporation in 2008, previously served in several roles with the organization, including assistant vice president and loan officer. She is based in NSDC’s Reno office.