Tuesday, July 1, 2014

HFF closes sale of Winn Dixie and Kmart-anchored retail center in West Palm Beach, FL


Danny Finkle
MIAMI, FL – HFF announced it has closed the sale of Cross County Plaza, a 357,537-square-foot, grocery-anchored retail center in West Palm Beach, Florida. 

 HFF represented the seller, Kimco Realty Corp. in the transaction.  Alliance Private Capital Group, LLC purchased the asset free and clear of existing debt.

Cross County Plaza is located at 4340 Okeechobee Boulevard close to Interstate 95, The Florida Turnpike, downtown West Palm Beach and the Palm Beach Lakes office submarket.

 Completed in 1998, the property is 99.4 percent leased to tenants including Winn Dixie, Kmart, Madrag, Ross Dress for Less, David’s Bridal and Party City. 

The HFF investment sales team representing the seller was led by senior managing directors Danny Finkle and Brad Peterson and managing director Luis Castillo.

Brad Peterson
 For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

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 | www.hfflp.com

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