KINGSVILLE, TX—Kingsville Plaza, a21,250-square-foot retail center here, has changed hands in a dealbrokered by Marcus & Millichap Real Estate InvestmentServices.
Chad Knibbe, senior associate; BethanyBabcock, associate; Preet Sabharwal,senior associate; and Britt Raymond, associate, inMarcus & Millichap's San Antonio and Manhattan offices, listedthe property on behalf of the seller, a limited liabilitycompany. The buyer, whose identity was not disclosed, intendsto add value to the 13-year-old asset by improving the occupancyand enhancing returns.
Located at 2730 S. Brahma Blvd., the center features suchtenants as Cato and the Shoe Department and is located outside ofWalmart, which drives heavy traffic to the center. According toMarcus & Millichap, several investors were attracted to theasset but it was ultimately acquired by a Texas-based investorfamiliar with the submarket.
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Sule Aygoren
Aygoren oversees the editorial direction and content for ALM’s Real Estate Media Group, including Real Estate Forum and GlobeSt.com. In her tenure with ALM, she’s held roles of increasing responsibility, including Managing Editor. Aygoren has received several awards for her coverage including Best Trade Magazine Report from the National Association of Real Estate Editors and the James D. Carper Award for Young Journalists. Under her direction, Forum has received four national NAREE awards for Best Commercial Real Estate Trade Magazine.
