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Goodman Realty Pays $25 Mil for Power Center

LOS ANGELES-The 400,000-sf Montgomery Plaza in Albuquerque, NM was listed with the local Cushman & Wakefield office. It was built in 1972, when the city's population was just a fraction of what it is now.

By David W. Myers | Updated on December 03, 2001

LOS ANGELES-The local office of Cushman & Wakefield’s financial-services group has brokered the nearly $25-million sale of Montgomery Plaza, one of the largest retail properties in New Mexico.

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.

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