SimonCRE closes $11.75M, 38-acre land deal for to-be-built Lobo Crossing Shopping Center near University of New Mexico

4/8/2026

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Albuquerque Business First

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• Subcategory: Land: Commercial, Retail: Shopping

• Tag: Sale

• Additional Filters-Subcategory: Land: Retail, Retail: Grocery, Retail: Neighborhood Center

• Company: SimonCRE, Target Corp (NYSE: TGT)

Highlights
SimonCRE closed an $11.75 million purchase of University of New Mexico land in Albuquerque.
The 38.06-acre Lobo Crossing retail center will feature 363,000 square feet of space.
Eight retailers including Target and HomeGoods have signed leases at the development.