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Last Updated ( Friday, 02 May 2014 18:24 )
DATE_FORMAT_LC2=Friday,May 02 2014 12:00:00 am EDT   
HFF Closes $270 Million Sale of 24-Property Retail Portfolio in Northeast

Boston, New Jersey and Connecticut – HFF has closed the sale of a 24-property, 1.4 million-square-foot retail portfolio with properties located in the greater Boston area, New Jersey and Connecticut. Kimco Realty Corp. purchased the portfolio for $270 million, including the assumption of approximately $121 million of debt, from G.P.B. Holdings LLC. The portfolio was 96 occupied at the time of sale and anchored by a variety of national and regional tenants, including Walmart, Kohl’s, Lowe’s Home Improvement Warehouse, Whole Foods, Trader Joe’s, Petco, Pier 1 Imports, Walgreens and CVS/pharmacy, as well as Kings and Aldi supermarkets. Twenty-one properties are located in Massachusetts, two in New Jersey and one in Connecticut. Jim Koury and John Fowler led the HFF investment sales team representing the seller. 

Amy Bigley Works

 

 

 

 

 

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