Trammell Crow Co. represented CSFB in the transaction. The buyer is listed only as "a major private retail real estate investor."
Anchor tenants at the mall include JC Penney, Elder-Beerman, Hobby Lobby and Martin's Supermarket. Vacancy information was not provided by the parties involved and was not otherwise immediately available.
This is the second major disposition TCC has had from CSFB in recent weeks. In November, it sold a 1.1 million-sf, 11-property industrial portfolio to the Phoenix-based investment group Presson Cos. for $40.6 million. The properties are located in Utah and Arizona. Presson was the sole bidder for the portfolio.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
