"We have completed our business plan for the property and, given the current low interest rate environment and the strong demand for grocery-anchored shopping centers, we determined it to be an opportune time to sell," says Brookwood managing director Evelyn M. Murphy. Brookwood relied on Trammell Crow Co. to dispose of the shopping center, which was developed in the 1960s by the Silver Cos. At the time of the transaction, the property was leased to 93% capacity.
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