The Verrado Main Street consists of two, class A office buildings and the community's Main Street retail, which includes a Bashas' Grocery, CVS Pharmacy, and a diverse group of shop tenants. The office space is fully leased and the retail space was more than 94% leased at the time of sale. The sale also included two parcels consisting of 6.88-acres that are zoned for future commercial and mixed-use development.

“The people who live and work in Verrado make it a very unique and vibrant community,” stated the buyer. “Between the resurgence of builder activity in Verrado over the last 18 months and the launch of the new 55-plus Victory District, this project is very well positioned for the long-term, which perfectly fits our family investment philosophy. We are looking forward to accompanying local business owners and residents in the future growth of their community alongside DMB and their professional and visionary team.”

Mike Burke, DMB's vice president of development, gave more background on the project: “As part of our long term vision for DMB's commercial properties, we are focused on planning, constructing, leasing and then selling these successful projects. Verrado's Main Street has been growing and evolving since our opening day here more than 10 years ago. We have a strong tenant mix here and we look forward to seeing this district continue to grow in the future.”