IBJNews

Kite buys Castleton Crossing center for $39M

Back to TopCommentsE-mailPrintBookmark and Share

Kite Realty Group Trust Inc. on Wednesday announced that it paid $39 million to acquire the 280,000-square-foot Castleton Crossing retail center.

The center, at 5520 E. 82nd St., near Interstate 465 and Allisonville Road, is fully leased and is anchored by TJ Maxx HomeGoods, Burlington Coat Factory and Shoe Carnival.  

Indianapolis-based Kite declined to divulge the seller. County property records list the owner as Houston-based American National Insurance Co.

“Castleton Crossing is an excellent addition to our retail portfolio, reflecting our continued success in acquiring high-quality shopping centers in off-market transactions,” company CEO John A. Kite said in a written statement.

In April, Kite paid $37.5 million to purchase a shopping center near Nashville, Tenn. The 224,000-square-foot Cool Springs Market in Franklin is 95-percent leased and is anchored by Dick’s Sporting Goods, Marshall’s and JoAnn Fabrics.

Kite bought the center from Cool Springs Market LP, an entity of Chicago-based Henderson Global Investors.

The company owns interests in 60 properties totaling 9.3 million square feet.

 
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT