Institutional Property Advisors Brokers $26M Sale of Retail Center in Metro Cincinnati
COLD SPRING, KY. — Institutional Property Advisors (IPA) has brokered the $26 million sale of Cold Spring Crossing, a 325,383-square-foot retail center in Cold Spring, a Kentucky town about eight miles southeast of Cincinnati. The center was built in 2004 and is anchored by Kroger, Home Depot and Kohl’s. Craig Fuller and Erin Patton of IPA represented the seller, a private Cincinnati based-developer, in the transaction. Ashish Vakhariya of Marcus & Millichap’s Detroit office represented the buyer, a private investor, in a 1031 exchange. Cold Spring Crossing was 99 percent leased at the time of the sale.