Kohan Retail Group Acquires Killeen Mall For $30.07M From Credit Suisse Commercial Mortgage Trust

The 558,000-square-foot Killeen Mall in Texas has been acquired by Kohan Retail Group for $30.07 million from Credit Suisse Commercial Mortgage Trust. The mall, with a high leasing rate of 92% as of November, is strategically located near Fort Hood, boasting a strong retail corridor. Anchored by JCPenney, Burlington, and Dillard's, this retail property is situated at 2100 South W.S. Young Drive in Killeen.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $30,070,000
• Market: Killeen
• Buyer: Mike Kohan - Kohan Retail Group
• Seller: Credit Suisse Commercial Mortgage Trust
• Square Footage: 558,000
• Price per Square Foot: $54

Kohan Retail Group, led by Mike Kohan, successfully purchased the Killeen Mall from Credit Suisse Commercial Mortgage Trust. The acquisition comes after an unsuccessful auction held the previous year. The mall's prime location, along with its key anchor tenants JCPenney, Burlington, and Dillard's, positions it as a thriving retail center near Fort Hood. The strong leasing rate of 92% adds to the appeal of this investment in the retail sector.