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CBRE negotiates sale of Carrollton Shopping Center

Dallas -- CBRE’s Private Capital Group in Dallas has arranged the sale of Hebron Heights Shopping Center in Carrollton, Texas, for an undisclosed amount. The 59,356-sq.-ft. neighborhood shopping center occupies a 10-plus acre site at the corner of Hebron Parkway and Old Denton Road in northwest Dallas.

“The market is very tight right now,” said senior VP Jennifer Pierson. “We are supply constrained, not just in Texas but also across the U.S., so the product we take to market is going very quickly. On this particular asset we had more offers than we have seen on any given deal in the last 24 months.”

Hebron Heights is 87% occupied. Tenants include Tuesday Morning, Dunkin Donuts/Baskin Robins, Just Fitness 4U and Quiznos.

The buyer is an affiliate of the Tabani Group.

 

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