Kite Realty Group Trust announced that it has acquired Cool Springs Market in Franklin, Tennessee. The Company acquired the 224,000 square foot center for a purchase price, exclusive of closing costs, of $37.5M. The center is 95% leased and is anchored by Dick's Sporting Goods, Marshall's, JoAnn Fabrics, Staples, and a non-owned Kroger. It is located near the intersection of I-65 and Cool Springs Boulevard. The property draws from an attractive 5-mile trade area with average household incomes of $124,000 and a population density of 85,200.
- Mergers, Acquisitions & Takeovers