{"id":1004067813,"date":"2013-02-26T08:07:25","date_gmt":"2013-02-26T16:07:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004067813"},"modified":"2022-12-09T01:57:29","modified_gmt":"2022-12-09T09:57:29","slug":"lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\/","title":{"rendered":"LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004067815\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/800px-Airedale_Centre_Keighley_interior.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004067815\" data-attachment-id=\"1004067815\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\/800px-airedale_centre_keighley_interior\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/800px-Airedale_Centre_Keighley_interior.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"800px-Airedale_Centre,_Keighley_interior\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Photo:MTaylor848&lt;br \/&gt;\nThe inside of the Airedale Centre in Keighley, West Yorkshire&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/800px-Airedale_Centre_Keighley_interior.jpg?w=800\" class=\"size-medium wp-image-1004067815\" title=\"800px-Airedale_Centre,_Keighley_interior\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/800px-Airedale_Centre_Keighley_interior.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/800px-Airedale_Centre_Keighley_interior.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/800px-Airedale_Centre_Keighley_interior.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/800px-Airedale_Centre_Keighley_interior.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004067815\" class=\"wp-caption-text\"><em>Photo: MTaylor848<\/em><br \/>The inside of the Airedale Centre in Keighley, West Yorkshire<\/p><\/div>\n<p><em><\/em><span style=\"font-size: 13px;line-height: 19px\">\u00a0<\/span><span style=\"font-size: 13px;line-height: 19px\">LaSalle Investment Management, of Chicago, has acquired the Airedale Centre in Keighley, West Yorkshire, United Kingdom, for $33.4 million (\u00a322 million), LaSalle announced Monday.<\/span><\/p>\n<p>The Airedale Shopping Centre, which dates to 1968, totals 184,000 square feet and 84 retail units and includes a 460-space parking garage. The center is adjacent to Keighley\u2019s central bus station.<\/p>\n<p>Tenants include such national U.K. chains as Next, Boots, WH Smith, Argos, JD Sports, Poundland, Shoe Zone, Costa Coffee, 02, Burton and Thomas Cook.<\/p>\n<p>Keighley (pronounced \u201cKEETH-lee\u201d) is about 10 miles northwest of Bradford and 15 miles west-northwest of Leeds. As of 2009, the Leeds-Bradford Larger Urban Zone had a population of about 2.4 million.<\/p>\n<p>\u201cThe Airedale Centre \u2026 represents an opportunity to invest in a dominant shopping centre that encompasses the main retail pitch in the centre of the town. Competition is limited and the local catchment is very loyal,\u201d Gavin Ingram, associate director of LaSalle Investment Management, said in the press release. \u201cWe are already in discussion with several retailers regarding new lettings within the scheme.\u201d<\/p>\n<p>The acquisition was made at a net initial yield of about 10 percent, according to the release. NIY is a benchmark property yield metric used in the United Kingdom and is the counterpart of the U.S. nominal cap rate, though calculated somewhat differently, according to a report from Green Street Advisors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LaSalle Investment Management, of Chicago, has acquired the 84-retail-unit Airedale Centre in Keighley, West Yorkshire, United Kingdom.<\/p>\n","protected":false},"author":882,"featured_media":1004067815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21742,21749],"tags":[],"class_list":["post-1004067813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK\" \/>\n<meta property=\"og:description\" content=\"LaSalle Investment Management, of Chicago, has acquired the 84-retail-unit Airedale Centre in Keighley, West Yorkshire, United Kingdom.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-26T16:07:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:57:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/02\/800px-Airedale_Centre_Keighley_interior.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK\",\"datePublished\":\"2013-02-26T16:07:25+00:00\",\"dateModified\":\"2022-12-09T09:57:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\\\/\"},\"wordCount\":248,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/02\\\/800px-Airedale_Centre_Keighley_interior.jpg\",\"articleSection\":[\"International\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-buys-184-ksf-shopping-center-in-greater-leeds-uk\\\/\",\"name\":\"LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK - 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