Big New Mexico retail sale

Price per square foot nears $450

A California investor recently purchased a six-property retail portfolio in Albuquerque, N.M., for $37.6 million. The portfolio consists of six locations with a cumulative 84,383 square feet on 12.8 acres. A private investor in Orlando, Fla., sold the portfolio at an average of $445.5 per square foot. Occupancy at the time of sale was not disclosed. ...