DALLAS–Kimco Realty has sold Mesquite Town Centre Plaza to QEH Mesquite LLC. The acquisition price was not disclosed. Mesquite Town Centre Plaza is a 209,766-square-foot retail property that sits on nearly 15 acres in Mesquite, TX.
“Mesquite Town Centre Plaza was an opportunity to buy a high performing center in the regional retail hub of Mesquite,” says Tom Salanty, executive director with Cushman & Wakefield. “Interest in the property was strong, attracting multiple bidders, furthering evidence of demand for retail real estate in the Town East trade area.”
The property, which is 80% occupied, is anchored by Burlington Coat Factory and Ashley Furniture. The anchor tenants occupy 57% of the total space.
Mesquite Town Centre Plaza sits adjacent to the 1.2-million-square-foot Town East Mall, which sees 20 million visitors annually.
C&W's Salanty, Chris Harden and Kris Von Hohn represented Kimco Realty. C&W did not return requests for comment before deadline.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
