/

|

|

Highlights
Developers Honore Properties and Peerless Development acquired the Kingsbury Center shopping plaza for $19.5 million.
The main purpose of the purchase was to secure air rights for their planned 28-story, 340-unit apartment tower at 1415 North Dayton Street, which is east of the center.
The shopping center remains fully leased to tenants Sky Zone and PetSmart, with a five-year lease extension for PetSmart helping to stabilize the property's income stream.