VIKING PARTNERS SELLS BRANNON CROSSING CENTRE IN LEXINGTON, KY MSA
Property Sale - July ,16 2018Addition of HomeGoods Highlights Redevelopment Efforts
CINCINNATI, OH – July 16, 2018 – Viking Partners Fund III (“Fund III”), launched in 2015 by Viking Partners, LLC, a private equity real estate investment firm focused on the acquisition, turnaround and disposition of value-add real estate, completed the sale of Brannon Crossing Centre in Nicholasville, Kentucky, located within the Lexington MSA. Sale price for the shopping center was $8.9 million.
The 63,700 SF center includes a 27,500 SF Marshalls and 16,200 SF of small shops. The redevelopment of the center included the addition of a new 20,000 SF HomeGoods store, which opened in June of this year. Brannon Crossing is shadow anchored by Hobby Lobby, PetSmart and Kroger.
For information on the entire Viking portfolio, visit www.vikingprt.com or to connect with Viking Partners via LinkedIn, visit www.linkedin.com/company/viking-partners-llc.
ABOUT VIKING PARTNERS, LLC
Since its inception in 2008, Viking Partners has invested in more than 100 commercial real estate projects including retail, office and flex-tech space totaling over four million square feet and valued at more than $750 million. Viking Partners is currently seeking acquisition opportunities in the Midwest, Southeast and Southwest with a transaction range of $5 million to $50 million.