Kite Realty Group Trust has completed the acquisitions of three shopping center properties totaling 229,950 square feet in Georgia, Indiana and Florida.
The total value of the transactions was approximately $33.8 million.
The Publix at Acworth neighborhood shopping center is located in Acworth, Ga., within the Atlanta metropolitan area, and was built in 1996. The property has 69,628 square feet of gross leasable area and was 100 percent occupied at the time of sale. Its major tenants include Publix and CVS Pharmacy. The total purchase price was approximately $9.2 million.
The Hamilton Crossing community shopping center is located in Carmel, Ind., an affluent northern suburb of Indianapolis, and was built in 1999. The property has 82,374 square feet of gross leasable area and was 94 percent leased at the time of sale. Hamilton Crossing is anchored by Office Depot and includes a variety of local and national tenants, including Starbucks and Hollywood Video. The total purchase price was approximately $15.5 million.
The Waterford Lakes neighborhood shopping center is located in Orlando, Fla., and was built in 1997. The property has 77,948 square feet of gross leasable area and was 100 percent leased at the time of sale. Waterford Lakes is anchored by Winn Dixie. The total purchase price was approximately $9.1 million.
Kite Realty Group Trust is a full-service real estate investment trust.
***
What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.
