Search
 

Columbus Pacific Expands NM Presence with Retail Buy

ALBUQUERQUE, NM-The CA-based buyer makes its second acquisition in the state, buying an 84,545-square-foot power center.

By Jennifer Duell Popovec | Updated on January 24, 2011

ALBUQUERQUE, NM-Columbus Pacific Properties Inc. has made its second acquisition in New Mexico, buying Cottonwood Commons, an 84,545-square-foot power center for an undisclosed amount. The seller was Dallas-based developer Worth Williams Properties.

Local experts say the Santa Monica, CA-based buyer paid $9 million for the property, which is anchored by Bed, Bath & Beyond, Cost Plus World Market and Petco. That sale price would represent the biggest retail deal in the city in 2010, according to a recent report from Real Capital Analytics.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.