The buyer is Goodman Realty, an investment company based in Chicago. The seller is Montgomery Retail Realty Inc., a unit of New York-headquartered Citicorp.
The 400,000-sf Montgomery Plaza stands on the northwest corner of Montgomery and San Mateo boulevards in Albuquerque. It was built in 1972, when the city's population was just a fraction of what it is now.
Today, more than 100,000 cars pass through the intersection outside the power center's doors. The complex is anchored by a Burlington Coat Factory, Burlington Luxury Linens, Walgreen's and a Cinemark eight-screen theater.
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