4:26pm

Wed July 30, 2014
Business and the Economy

Record Land Transaction in Hamburg

Fourth Quarter Properties has sold the Lexington Hamburg Pavilion shopping center for a record $185 point 7 million dollars.

Credit http://www.bluegrassextendedstay.com/

Owing outstanding taxes in several states, Fourth Quarter Properties filed for Chapter 11 bankruptcy protection in 20-10. 
 

According to the Lexington Herald Leader, the property was sold last week to a partnership the Starwood Capital Group.

The retail center was developed in the 1990’s and is home to businesses such as Garden Ridge, Best Buy, Logan’s Roadhouse and Regal Cinemas. 

The $185 point 7 million dollar price tag is thought to be the biggest transaction of its kind in Fayette County.