New York City-based retail real estate development and investment group, KPR Centers, has expanded its presence in the Midwest United States market and strengthened its holdings in Florida with the acquisition of an eight-property shopping center portfolio for $180 million.  

These properties span Milwaukee, St. Louis, Jensen Beach, and Lakeland, totaling over 1.5 million square feet. Anchored by tenants like Dick’s Sporting Goods and The Fresh Market, the portfolio is 96 percent leased.  

“We have been tracking the momentum and overall strength of several Midwest markets for some time, and the centers in Milwaukee and St. Louis match the profile and fundamentals that are important to us, including a diverse, stable, and Internet-resistant tenant roster,” stated Daniel Katz, a managing partner of KPR Centers.