Rivergate Station sold to Pennsylvania company

Friday, March 30, 2012, Vol. 36, No. 13

JOHNSTOWN, Pa. (AP) - A western Pennsylvania company that owns and develops shopping centers has purchased five more properties in four states, including Rivergate Station in Goodlettsville.

Zamias Services Inc. and Bon Aviv Investment of Englewood, N.J. have paid $68 million for the properties owned by Kimco Realty Corp. of New Hyde Park, N.Y. Kimco specializes in neighborhood and community shopping centers.

As part of the deal, Kimco has sold Rivergate Station, The Center in Stockton, Calif., and Park Place in Vallejo, Calif. Also sold were Hagerstown Shopping Center in Hagerstown, Md., and Riverwalk Plaza in Charleston, W.Va.

Zamias and Bon Aviv say they expect to continue adding other shopping centers to their portfolios this year.