PRESS RELEASE


RETAIL CENTER IN LAFAYETTE, LOUISIANA, TRADES FOR $5.3 MILLION

August 02, 2017

RETAIL CENTER IN LAFAYETTE, LOUISIANA, TRADES FOR $5.3 MILLION
Transwestern Negotiates Disposition of 29,405 SF Asset on Behalf of Seller

​Lafayette, La. – Transwestern’s Southeast Investment Services Group today announces it brokered the disposition of Ambassador Plaza in Lafayette, Louisiana. The 29,405-square-foot center shadow-anchored by Albertsons was acquired by Westbrook AC Properties LLC for $5.3 million. Transwestern Vice President Fred Victor represented the seller, KIMCO Realty, in the transaction.

“The Ambassador Plaza transaction is a perfect example of a well-capitalized private investor acquiring a high-quality asset in a market that has become non-strategic for a REIT,” said Victor.

Developed in 1999 to institutional-quality standards, Ambassador Plaza performs well and is competitive within the Lafayette market. The property benefits from an exceptionally high-quality shadow anchor, resulting in strong and steady cash flow. Ambassador Plaza features solid tenancy, proximity to downtown Lafayette and convenient ingress and egress.

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Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Southeast region, follow @TranswesternSE.


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