Monday, January 8, 2018

Kimco, CPPIB Sell 267,000-SF Shopping Center in Quakertown

Katz Properties, a real estate investment, development and management company, acquired the Richland Marketplace shopping center at 600-690 N. West End Blvd. in Quakertown, PA for $47.2 million, or about $177 per square foot, from Kimco Realty Corporation and Canada Pension Plan Investment Board (CPPIB).

The 266,565-square-foot retail center delivered in 2008. Tenants include Best Buy, Petsmart, Five Below and more.

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