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Shopping Centers’ Stability Leads to Sale

CHEYENNE, WY-Synergy Development sells an 86,883-square-foot shopping center here—which has been more than 98% occupied since its inception—to a national private equity group.

By Natalie Dolce | Updated on February 28, 2012

CHEYENNE, WY-GlobeSt.com has exclusively learned that Synergy Development LLC of Park City, UT, has sold Dell Range Marketplace in Cheyenne, WY to a national private equity group. The 86,883-square-foot shopping center went for $13.1 million or $151 per square foot.

Barry Higgins, a vice president investments in Marcus & Millichap Real Estate Investment Services’ Denver office represented both the buyer and the seller. Richard Bird, regional manager of Marcus & Millichap’s Salt Lake City and Las Vegas offices, was the broker of record in the transaction.

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