REAL ESTATE

Cincinnati’s Colerain Towne Centre sells for $30 million

BY Michael Fickes

Cincinnati, Ohio — Kimco Realty has sold Colerain Towne Centre, a 400,000-sq.-ft. Cincinnati power center, for $30 million, according to Mid-America Real Estate Corp.’s investment sales group, which represented Kimco in the transaction in cooperation with Anchor Associates. The buyer is a private real estate company.

Wal-Mart Supercenter, Dick’s Sporting Goods, Jo-Ann Fabrics, PetSmart and Hobby Lobby anchor the center, which is located just off of Interstate 275.

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REAL ESTATE

Rick Puttkammer returns to Colliers

BY Michael Fickes

San Diego — The San Diego office of Colliers International has announced that Rick Puttkammer is rejoining the firm as a senior VP. A 25-year veteran in retail property sales and leasing, Puttkammer will head up the firm’s retail division.

Most recently, Puttkammer was senior VP at Flocke & Avoyer in San Diego. From 1987 to 1997, he was senior marketing director at Colliers in San Diego.

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REAL ESTATE

New York & Company inks deal for Somerset

BY Michael Fickes

Bridgewater, N.J. — Women’s apparel retailer, New York & Company, has taken 7,440 sq. ft. in the Somerset Shopping Center in Bridgewater, N.J., according to Levin Management, the property’s leasing and managing agent.

The lease brings the 214,202-sq.-ft. center to full occupancy.

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