The Real Deal Miami

Kimco sells West Palm retail center for $35M

Brooklyn company picks up Cross County Plaza, gets $32.6M loan
June 25, 2014 01:30PM

Aerial of Cross County Plaza

Aerial of Cross County Plaza

Two New York companies traded a West Palm Beach retail center for $35 million.

A Kimco Realty Corp.-managed company sold Cross County Plaza in a transaction recorded on Tuesday, according to Palm Beach County records. Kimco built the 365,000-square-foot center at 1870 North Military Trail and 4340 Okeechobee Boulevard in 1998. Existing tenants include Kmart, Party City and Winn-Dixie.

Cross County Owner of Brooklyn is the buyer. The company received a $32.6 million loan from Cantor Commercial Real Estate Lending for the purchase. — Eric Kalis