Cold Spring, Ky. — Institutional Property Advisors (IPA) has arranged the $26 million sale of Cold Spring Crossing, a 325,383-square-foot retail center in Cold Spring, a Kentucky town located eight miles southeast of Cincinnati.
The center was built in 2004 and is anchored by Kroger, Home Depot and Kohl’s. Craig Fuller and Erin Patton of IPA represented the seller, a private Cincinnati based-developer, in the transaction. Ashish Vakhariya of Marcus & Millichap’s Detroit office represented the buyer, an undisclosed private investor, in a 1031 exchange. Cold Spring Crossing was 99 percent leased at the time of the sale.