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72nd Street shopping center sold for $12.75 million

72nd Street shopping center sold for $12.75 million


The 72nd Crossing shopping complex south of Dodge Street has been sold to a Kentucky buyer.

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A shopping complex that spans about seven acres along the 72nd Street corridor south of Dodge Street has been sold to a Kentucky buyer for almost $13 million.

The 72nd Crossing, built about 30 years ago near Jones Street, was able to sell at pre-pandemic pricing largely because of its hot retail neighborhood, which includes Nebraska Furniture Mart, said commercial broker Ember Grummons of Investors Realty.

Grummons represented Omaha-based seller NewStreet Properties. The buyer was Kentucky-based LVP Center, which was represented in the $12.75 million transaction by Jason Taylor of Equity Management Group.

The shopping complex contains almost 100,000 square feet and is fully occupied, with tenants including Michaels, PetSmart, Big Lots and Dunkin'.

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Reporter - Money

Cindy covers housing, commercial real estate development and more for The World-Herald. Follow her on Twitter @cgonzalez_owh. Phone: 402-444-1224.

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