Thursday, November 5, 2015

HFF closes sale of retail center in Albuquerque, NM

Doug Hazelbaker
 DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Plaza Paseo del Norte, a 183,718-square-foot shopping center in Albuquerque, New Mexico. 

HFF arranged the sale of the property on behalf of the seller, Kimco Realty Corp.  Columbus Pacific Properties purchased the asset.

The 96.8-percent-leased Plaza Paseo del Norte is home to Ross Dress for Less, Natural Grocers, Cinemark Movies West, Sears Outlet, Hancock Fabrics, Rue 21 and Dollar Tree in addition to Target and Hobby Lobby, which were not included in the sale. 

Situated on 26 acres at 9227-9331 Coors Boulevard NW, the center is located in the northern part of Albuquerque at the intersection of Corrs Boulevard NW and Paseo del Norte, which has combined traffic counts of more than 120,000 vehicles per day. 

The HFF investment sales team representing the seller was led by senior managing director Doug Hazelbaker and managing director Ryan Shore.

  For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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