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South Florida

Kimco sells West Palm retail center for $35M

Aerial of Cross County Plaza
Aerial of Cross County Plaza

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

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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

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Kimco RealtyWest Palm Beach