MEDFORD, OR—HFF has closed the sale of Medford Center, a 335,043-square-foot, movie theater-anchored regional retail center.
The property was marketed on behalf of seller, Kimco Realty Corporation. LBG Realty Advisors, LLC purchased it free and clear of debt.
Medford Center is situated on 30.14 acres at 501-1093 Medford Center along Medford's main Biddle Road retail corridor with direct access to Interstate 5. Most recently renovated in 1997, the center is 87% leased to a variety of national and regional tenants, including Sears, Cinemark Theatres, International Fitness, Ashley Furniture HomeStores, Rogue Air Park and John L. Scott Real Estate.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
