Albanese Cormier Holdings celebrates first acquisition of the new year totaling 425,930 square feet

Newport Plaza and Newport Shopping Center

Newport Plaza and Newport Shopping Center

BEAUMONT, TEXASAlbanese Cormier Holdings is pleased to announce the acquisition of two properties in Newport, Kentucky, Newport Plaza and Newport Shopping Center, totaling 425,930 square feet.

Newport Plaza, located at 82 Carothers Road, is a 161,734-square-foot shopping center with anchor tenants such as Dollar Tree, Fresh Thyme, Planet Fitness and Verizon Wireless. Newport Shopping Center is a 264,196-square-foot shopping center located at 1727 Monmouth Street with a diverse national tenant mix that includes Aaron’s, ACE Hardware, Defender Direct, Dollar General, Family Dollar and Taco Bell.

The centers were purchased for an undisclosed price from an unnamed seller that was represented by Scott Katz of Midland Retail.
 
Brandi Norwood, Director of Leasing at ACH said, “We’re excited to start 2018 off by adding two strong centers to our portfolio. Newport presented an opportunity to strengthen our presence in the Northern Kentucky Market by adding these two properties to our strong performing center in Alexandria, just 15 minutes away.”
 
ALBANESE CORMIER HOLDINGS

Albanese Cormier Holdings is a national commercial real estate investment company based in Beaumont, Texas currently holding roughly 5 million square feet of 78 strategically placed assets throughout 22 states. For more information about our company or on any other property within the ACH portfolio, please visit www.ach-us.com or contact the main office at (409) 892-0200.