An unknown buyer entered into an agreement to acquire Willowbrook Plaza, LLC from Retail Value Inc. (NYSE:RVI) for $37.1 million on November 16, 2021. The consideration was paid in cash and subject to adjustment for certain closing pro-rations, allocations, credits, closing costs and escrows. Closing remains subject to customary conditions and is expected to occur by the end of 2021. Net proceeds from the transaction of approximately $35.7 million, along with proceeds from the previously announced sale of Green Ridge Square and cash on hand, are expected to be utilized for a special cash distribution on Retail Value's common shares. An unknown buyer completed the acquisition of Willowbrook Plaza, LLC from Retail Value Inc. (NYSE:RVI) on December 15, 2021.