CARROLLTON, TX—CBRE's Private Capital Group has executed the sale of Josey Rosemeade Shopping Center, an unanchored strip center located at the northeast corner of North Josey Lane and East Rosemeade Parkway in Carrollton.
The shopping center received more than 20 offers from hopeful buyers prior to closing. According to CBRE, this indicates a demand for well-occupied retail centers affording loans to private buyers.
“The sale of Josey Rosemead marked a change in the market from our perspective,” said Jennifer Pierson, a senior vice president with CBRE. “After 2008, receiving 20 offers on an unanchored strip center only happened for properties with significant upside. Josey Rosemead was 100% leased and the market reacted so positively to it, we can only conclude that we have turned a corner.”
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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
