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Crossroads Plaza Sells for $37M

Author: Diana Heeb Bivona

Crossroads Malcai LLC has sold the Crossroads Plaza located at 9435 W. Tropicana Ave. The buyer, Birkleland Family LLC I and IV purchased the retail shopping center for $37 million, or approximately $320 per square foot at a 6.3% cap rate.

The neighborhood retail center totals 115,723 square feet and sits on 11.87 acres. It was built in 2002.

This entry was posted on Monday, June 18th, 2007 at 7:08 pm and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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