ALBUQUERQUE, NM—HFF has closed the sale of Plaza Paseo del Norte, a 183,718-square-foot shopping center here.
Columbus Pacific Properties purchased the asset. HFF arranged the sale of the property on behalf of the seller, Kimco Realty Corp.
The 96.8% leased Plaza Paseo del Norte is home to Ross Dress for Less, Natural Grocers, Cinemark Movies West, Sears Outlet, Hancock Fabrics, Rue 21 and Dollar Tree in addition to Target and Hobby Lobby, which were not included in the sale. Situated on 26 acres at 9227-9331 Coors Boulevard NW, the center is located in the northern part of Albuquerque at the intersection of Coors Boulevard NW and Paseo del Norte, which has combined traffic counts of more than 120,000 vehicles per day.
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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.
