Kite Realty Group Trust acquired the nearly 234,000-square-foot Eastgate Pavilion in Cincinnati, Ohio.
The value of the transaction was approximately $27.5 million.
Eastgate Pavilion community shopping center, built in 1995, was fully occupied at the time of sale. Tenants include Dick’s Sporting Goods, Value City Furniture, Best Buy, Bed Bath & Beyond, DSW and Petsmart. Additional development opportunities exist on two outparcels with the potential for a third outparcel.
Eastgate Pavilion Ltd. sold the property.
Kite Realty Group Trust is a full-service real estate investment trust focused on the development, construction and acquisition of community shopping centers.
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