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Midwest Retail Centers Part of KPR’s $180M Portfolio Acquisition
Several shopping centers in the Midwest were part of New York-based KPR Centers’ acquisition of an eight-property retail portfolio for $180 million.
KPR Centers expanded its presence in the Midwest region through the transaction, which the properties located in Milwaukee and St. Louis as well as Florida. The portfolio is 96 percent leased and totals over 1.5 million square feet, with shopping centers anchored by tenants like Dick’s Sporting Goods and The Fresh Market.
The Midwest properties include the 220,083-square-foot Nagawaukee Center in Delafield and the West Allis Towne Center, a four-building site spanning 326,223 square feet. Additional retail centers in the portfolio are the 208,112-square-foot Deer Creek Shopping Center in St. Louis and Central Plaza, a 163,625-square-foot retail center in Ballwin.
