KKR buys Colonie Center mall in Albany

April 9 Tue Apr 9, 2013 6:11pm EDT

April 9 (Reuters) - Private equity firm KKR & Co said its affiliates and clients, including KKR Financial Holdings, acquired Colonie Center, a mall in Albany, New York.

KKR partnered with Pacific Retail Capital Partners, Collarmele Partners and Peter Fair for the deal, terms of which were not disclosed.

Colonie is a 1.3 million square foot mall with over 113 stores and generates an estimated $245 million in annual retail sales.

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After wave of QE, onus shifts to leaders to boost economy

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