Albanese Cormier Acquires Two Shopping Centers in Kentucky Totaling 425,930 Square Feet

by Camren Skelton

NEWPORT, KY. — Albanese Cormier Holdings has acquired two adjacent shopping centers in Newport — Newport Plaza and Newport Shopping Center — for an undisclosed price.

Newport Plaza totals 161,734 square feet and is home to tenants including Dollar Tree, Fresh Thyme, Planet Fitness and Verizon Wireless. The 264,196-square-foot Newport Shopping Center houses tenants such as Aaron’s, ACE Hardware, Defender Direct, Dollar General, Family Dollar and Taco Bell. Scott Katz of Midland Retail arranged the transaction on behalf of the undisclosed seller. 

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