Anchored by Burlington Coat Factory, the plaza has 11 tenants,such as Roadhouse Grill, Wells Fargo and H&R Block. PeteBethea, senior vice president with Burnham Real Estate whorepresented both the buyer and the seller, says that Kimco has noplans to retenant or refurbish.
Bethea represented WCP Riverside a few years ago when thecompany initially acquired Tyler Street Plaza. He says that thenthe property had vacancies and that WCP brought the plaza to fulloccupancy.
According to Bethea, Kimco was drawn to the Riverside market'sretail corridor. He also tells GlobeSt.com that the company "likesthe asset's long-term prognosis."
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