Kimco Realty Corp. acquired Woodbridge Shopping Center outside Houston in Sugar Land, TX and Bell Camino near Phoenix in Sun City, AZ. The pair of centers traded for an aggregate price of $17.4 million.
Woodbridge is 96,623 square feet and its anchor tenant, Kroger, is on a long-term ground lease. At the time of the sale the center was 96% leased.
The 63,000-square-foot Bell Camino retail center was 95% leased at the time of the sale.
James Bell of Marcus & Millichap represented the buyer and seller in the sale of the Sugar Land retail center.
For more information, please refer to CoStar COMPS 2241429 and 2247461.