Kite buys Vegas shopping center for $32.5 million

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Kite Realty Group Trust has acquired a Las Vegas shopping center for $32.5 million, the Indianapolis-based real estate investment trust said Friday.

The purchase price for the 81,000-square-foot Rampart Commons includes $12.3 million of assumed debt. Kite did not disclose the seller in a press release.

The center is fully leased and includes tenants Pottery Barn, Williams-Sonoma, Ann Taylor, Talbots and PF Chang’s.

“The Rampart Commons acquisition builds on our presence in the Las Vegas market and further enhances the quality of our portfolio, consistent with our strategy of owning first-class real estate,” Kite CEO John Kite said in a prepared statement.

As of Sept. 30, Kite owned interests in 132 properties totaling 26.7 million square feet in 26 states.

 

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In