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Prime Outlets At Tracy Sells for $20.5M

Prime Retail Inc. Sells 153,000-SF Outlet Center, 21 Adjacent Acres to Investor Partnership
By Mark Panganiban
June 14, 2007 | 1:53 AM

A joint venture of K.L.P. Properties Inc. and Richard Cordes of Cordes Commercial Real Estate Services purchased the Prime Outlets at Tracy for $20.5 million, at an 8.5% cap rate. The seller was Prime Retail Inc.

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