KRG BUYS FLA. SHOPPING CENTER FOR $15.2M

VERO BEACH, FLA. — Kite Realty Group has acquired a 138,000-square-foot shopping center, located on U.S. Highway 1 in Vero Beach, for $15.2 million. Publix and Stein Mart anchor the center, which is 99 percent leased. As part of the transaction, the company assumed a $7.9 million mortgage.