Wasa Properties Announces Lease Signing of BioLife Plasma Services at Southlake Pavilion

Brooklyn, NY – Wasa Properties announces the lease signing of BioLife Plasma Services at Southlake Pavilion located along Mt. Zion Road in Morrow, GA. BioLife Solutions (NASDAQ: BLFS) is the leading developer, manufacturer and supplier of proprietary clinical grade cell and tissue hypothermic storage and cryopreservation freeze media for cells and tissues. Their proprietary HypoThermosol® and CryoStor® platform of solutions are highly valued in the regenerative medicine, biobanking and drug discovery markets. BioLife Plasma Services will occupy 18,500 square feet at Southlake bringing occupancy to 100%.  Southlake Pavilion is a 218,038 square foot power center anchored by Best buy, PetSmart, Planet Fitness and Roses located in a popular retail node along Mt. Zion Road and is surrounded by a regional mall and a number of other national retailers such as Home Depot, Ross, Publix, Costco, La Fitness and Ashley Home Store. The robust and stable consumer demand has enabled both national and local tenants to thrive at the Property. The high daytime population of over 171,571 people within a 5-mile radius supplies a constant daily flow of consumers to the Property in addition to the surrounding densely populated residential community.

About Wasa Properties

Wasa Properties is a New York City based real estate investment and operating firm currently executing an opportunistic strategy focused on repositioning income generating distressed and deep value-add opportunities, well located within dynamic target markets throughout the northeast, southeast, and southwest. Wasa Properties has grown organically, acquiring one property at a time since the firm’s inception in 2004 to over 2 million square feet of assets currently under management.

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