Newkirk Realty Trust Inc. recently sold 50 of its retail properties to Kimco Realty Corp. and Schottenstein Stores Corp. for a gross purchase price of $160 million.
The sold properties, which were leased to Albertson’s Inc., contained an aggregate of 2.3 million square feet and had current lease terms expiring over the next 4.5 years.
Newkirk Realty Trust Inc. is a real estate investment trust currently owning approximately 14.5 million square feet across 34 states.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!